1. Here is some data from Post Corporation. The balance sheet accounts are at fiscal year end, and the income statement accounts are for the fiscal year bookended by those same balance sheets. Dividends were paid during the year (hint: use the Retained Earnings T account to determine how much). Prepare the statement of cash flows using the indirect method. Balance Sheet at Dec. 31 Cash Accounts Receivable Inventory Fixed Assets (at cost) Accumulated Deprec. Fixed Assets (net) Land 2014 2013 255,000 524.000 1,143,000 1,011,000 897,000 924,000 4,500,000 3,975,000 (1,567,000) (1,324,000) 2,933,000 2,651,000 2,138,000 1,874,000 Total Assets 7,366,000 6,984,000 Accounts Payable Wages Payable Bank Loan Payable 561,000 180,000 1,789,000 425,000 320,000 2,022,000 2,530,000 2,767,000 Total Liabilities Common Stock Retained Earnings Total SE Total Liabilities and SE 1,000,000 3,836,000 4,836,000 7,366,000 1,000,000 3,217,000 4,217,000 6,984,000 Income Statement for 2014 Net Sales Less: Cost of Goods Sold Less: Depreciation Expense Less: S, G & A Expense Operating Income 12,822,000 (7,212,000) (243,000) (3,414,000) 1.953,000 Interest Expense Net Income, Before Taxes Tax Expense Net Income (276,000) 1,677,000 (485,000) $1,192,000