In the Excel Template provided, you will nd the Balance Sheet of Marina Comp for December $31,2013.$

In addition to the information on the Balance Sheet, we are presented with the following additional data related to current year operations:

$1.$ Net income for the year $2013,$ $$66,000.$

$2.$ Depreciation on plant assets for the year, $$12,700.$

$3.$ Sold the long$-$term investments for $$28,000($assume gain or loss is ordinary$).$

$4.$ Paid dividends of $$25,000.$

$5.$ Purchased machinery costing $$21,500,$ paid cash.

$6.$ Purchased machinery and gave a $$60,000$ long$-$term note payable.

$7.$ Paid a $$40,000$ long$-$term note payable by issuing common stock.

Using tab $2$ in the Excel Template $(2)$ Cash Flows Statement $-$ prepare a statement of cash ows $($using the indirect method$)$ for $2013$ for Marina Company. There

are a few answers inputted into the Statement to help get you started on the preparation