Instructions: Using good form; make a statement of cash flows for 2014 using the indirect method.

WCompany runs a retail company and recently completed its third year of operations. The balance sheet and income statement follow: Assets Cash Accounts receiyable Inyentory Equipment Accumulated depreciation Total assets Liabilities and Equity Accounts payable Income taxes payable Longterm notes payable Common stock, $2 par Paidin capital in excess of par Retained earnings Total liabilities and equity 2014 $ 53pm:- 21 pop sqsoo 123,ooo 23 sec- + M $ 36,3 1 1 one 23,1300 15,DUD aspen m M 2013 $ 58.1 no 2430:} 2920:} some 24 20s 1 m $ 33.000 sons sspoo 12pm 31.00:} M m Additional Information on Year 214 Transactions lnoome Statement for 2D1II Sales reyenue $33?,4DD Cost of goods sold 2434,3133 Depreciation expense 4,3133 Either expenses HEDGE! Income taxes M Net income 3 3; t!!! 1. Purchased equipment by signing a long-tenn note for $B, and paying cash for the balance 2. Paid cash as a payment on the longterm notes payable 3. Issued 1GB shares of common stocI-c for cash 4. Declared and paid cash diyidends of$16, Instructions: Using good form; Prepare a statement of cash ows for 2014 using the indirect method