Preparing the Statement of Cash Flows

COMPUTER SERVICES COMPANY Comparative Balance Sheets December 31 Change in Account Balance Assets 2014 2013 Increase/Decrease Current assets Cash $ 55,000 $ 33,000 $ 22,000 Increase Accounts receivable 20,000 30,000 10,000 Decrease Inventory 15,000 10,000 5,000 Increase Prepaid expenses 5,000 1,000 4,000 Increase Property, plant, and equipment Land 130,000 20,000 1 10,000 Increase Buildings 160,000 40,000 120,000 Increase Accumulated depreciationbuildings (1 1,000) (5,000) 6,000 Increase Equipment 27,000 10,000 17,000 Increase Accumulated depl'eciationequipment (3,000) (1,000) 2,000 Increase Total assets $398,000 $138,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Long-term liabilities Bonds payable Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity $ 28,000 6,000 130,000 70,000 164,000 $398,000 $ 12,000 8,000 20,000 50,000 48,000 $138,000 $ 16,000 Increase 2,000 Decrease 110,000 Increase 20.000 Increase 1 16.000 Increase