Problem 15. A comparative balance sheet for Meyerson Industries is given below Meyerson Industries Comparative Balance Sheet December 31,2014 and 2013 Assets Cash Accounts receivable Merchandise inventory Land, buiidings, and equipment Accumulated depreciation--buildings and 2014 2013 100, 000 30,000 325, 000 92,000 43, 000 200,000 equipnent soon) Liabilities and Stockholders' Equity Accounts payable Common stock ($25 par).. Paid-in capital in excess of par s 75,000 85,000 200, 000 275, 000 50,000 .00000-20002 430 000 2305 00 earnings Total 1iabilities and stockholders' equity 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 with a proper heading, for the year ended December 31, 2014, using the indirect method. SEE NEXT PAGE