Agar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information for the year 2014.

Requirement:

1. Using the indirect method, prepare a schedule for the operating activities section of statement of cash flow for December 2014.
2. Using the indirect method, prepare a schedule for the investing activities section of the statement of cash flows for December 2014.
3. Using the indirect method, prepare a schedule for the financing section of the statement of cash flows for December 2014.

Comparative Balance Sheet Cash Accounts receivable Invento PP&E, net 2014 2013 18,000 35,000 25,000 90,000 $225,000 $168,000 21,000 31,000 53,000 120,000 Increase/decrease 3,000 4,000 28,000 30,000 $57,000 Total assets $ 4,0006,000 1,000 90,000 90,000 97,000 Accounts pavable Accrued liabilities 2,000 .000 6,000 7,000 2,000 84,000 Long-term notes pavable Total liabilities 30,000 113,000 8,000 on stock 2,000 74,000 5,000 $135,000 71,000 28,000 39,000 3,000 $64,000 Retained earmings Tre stock Total Total liabilities and e $57,000 Income Statement Sales revenue Interest revenue Gain on sale of plant assets $240,000 1.000 4,000 $245,000 Total revenues and gains Cost of goods sold Salary ex 110,000 45,000 12,000 23.000 1,000 5,000 reciation e Other operatin Interest Income tax Total ex Net income loss 196,000 $49,000 Statement of Retained Earnin Retained earnings, January 1, 2013 Net income Dividends Retained earnings, December 31, 2013 74,000 49,000 0,000 113,000