Delete BIU CA lili $ % 8-98 Conditional Format as Cell Formatting Table Styles Styles Format ipboard Font Alignment Number Cells 29 E D G H M N The statement of financial position data of Basha Company at the end of 2014 and 2015 follows: 2014 2015 Equipment S 600,000 $ 720,000 Accumulated Depreciation equipment (64,000) (144,000) Land 320,000 560,000 Inventory 360,000 520.000 Accounts receivable (net) 360,000 440,000 Prepaid expenses 200,000 120,000 1 Cash 280,000 240,000 2 Total Assets 2.056,000 2.456,000 3 Share capital - ordinary, $20 1,272,000 1,512,000 14 Retained earnings 40,000 64,000 15 Notes payable-bank, long-ti 184,000 0 16 Bonds payable 0 240,000 17 Accounts payable 560,000 640,000 18 Total Liabilities and SE 2,056,000 2.456,000 19 Land was acquired for $ 240,000 in exchange for ordinary shares, par $240,000 during the year; all equipment purchased was for cash Equipment S 104,000 20 sold for $ 24,000 book value of the equipment was $ 48,000 Cash dividends of $72,000 were declared and paid during the year 21 Depreciation expense for the year was S 135,000 22 Net income for 2015 was $ 96,000 23 Instructions 24 Prepare Cash Flow Statement using indirect method 25 26 27 28 C