944 CHAPTER 17 Reporting and Analyzing Cash Flows CHECK FIGURE Net cash inflow from Problem 17-11B Preparing the statement of cash flows (indirect method) LOS.6 2013 and 2014, is shown below along with some other information. Newtech Brake Inc. investing activities Newtech Brake Inc. began operations on January 1, 2013. Its post-closing trial balance at December 31, $16,000 Newtech Brake Inc Income Statement For Year Ended December 31, 2014 Post-Closing Trial Balance December 31 2013 Account Cash... 63,200 65,200 Receivables..ppente Merchandise inventory.43,200 38,800 2014 Revenues 121,600 128,400 Expenses and other Cost of goods sold. Other expenses.167,600 Depreciation expenseini 18,000 $343,600 Accumulated depreciation167,600 165,600 Accounts payable.78,800 78,000 Accrued liabilities 5,600 7,200 Total expenses and other. 521,200 Long-term notes payable 115,200 75,200 ,000 80,000 Net loss....ss. Common shares. Retained earning79,200 Other information regarding Newtech Brake Inc. and its activities during 2014: 1. Assume all accounts have normal balances 2. Cash dividends were declared and paid during the year 3. Plant assets worth $70,000 were purchased during the year by paying cash of $20,000 and issuing a long-term note payable for the balance 4. Plant assets were sold during the year Required Using the information provided, prepare a statement of cash flows (applying the indirect mathod) for the vear ended December 31. 2014