Practice Problem parative balance sheet for Meyerson Industries is given below: Meyerson Industries Comparative Balance Sheet December 31, 2014 and 2013 balance dd Assers Cash Accounts receivable Merchandise inventory Land, buildings, and equipment Accumulated depreciation--buildings and equipment ..... Total assets 2014 $ 50,000 100,000 30,000 325,000 2013 $ 20,000 92,000 43,000 200,000 (75,000) $430,000 (50,000) $305,000 ... - F Liabilities and Stockholders' Equity Accounts payable Common stock ($25 par) Paid-in capital in excess of par Retained earnings Total liabilities and stockholders' equity $ 75,000 275,000 50,000 30,000 $430,000 $ 85,000 200,000 0 20,000 $305,000 ---- Additional data from the company's records were: (a) On July 1, 2014, exchanged 3,000 shares of common stock for equipment. (b) On December 31, 2014, paid cash dividends of $40,000 and income taxes of $10,000. Prepare a cash flow statement for Meyerson Industries for the year ended December 31, 2014, using the indirect method. Include any necessary supplemental disclosures. Practice Problem parative balance sheet for Meyerson Industries is given below: Meyerson Industries Comparative Balance Sheet December 31, 2014 and 2013 balance dd Assers Cash Accounts receivable Merchandise inventory Land, buildings, and equipment Accumulated depreciation--buildings and equipment ..... Total assets 2014 $ 50,000 100,000 30,000 325,000 2013 $ 20,000 92,000 43,000 200,000 (75,000) $430,000 (50,000) $305,000 ... - F Liabilities and Stockholders' Equity Accounts payable Common stock ($25 par) Paid-in capital in excess of par Retained earnings Total liabilities and stockholders' equity $ 75,000 275,000 50,000 30,000 $430,000 $ 85,000 200,000 0 20,000 $305,000 ---- Additional data from the company's records were: (a) On July 1, 2014, exchanged 3,000 shares of common stock for equipment. (b) On December 31, 2014, paid cash dividends of $40,000 and income taxes of $10,000. Prepare a cash flow statement for Meyerson Industries for the year ended December 31, 2014, using the indirect method. Include any necessary supplemental disclosures