Selected financial statement information and additional data for Johnston Enterprises is presented below. Prepare a statement of cash flows for the year ending December 31, 2012

Johnston Enterprises Statement of Financial Position and Income Statement Data December 31, December 31, 2012 2011___ Property, Plant, and Equipment 1,241,000 1,122,000 Less: Accumulated Depreciation (476,000) (442,000) 765,000 680,000 Current Assets: Inventory 391,000 340,000 Accounts Receivable 238,000 306,000 Cash 153,000 119,000 Total Current Assets 782,000 765,000

Total Assets 1,547,000 1,445,000

Shareholders' Equity: Share capitalordinary ????? ????? Retained Earnings 374,000 340,000 Total Shareholders' Equity 884,000 807,500

Non-Current Liabilities: Bonds Payable 340,000 391,000

Current Liabilities: Accounts Payable 187,000 102,000 Notes Payable 51,000 68,000 Income Tax Payable 85,000 76,500 Total Current Liabilities 323,000 246,500

Total Liabilities 663,000 637,500

Total Liabilities & Shareholders' Equity 1,547,000 1,445,000

Sales 1,615,000 1,513,000 Less Cost of Goods Sold 731,000 731,000 Gross Profit 884,000 782,000 Expenses: Depreciation Expense 153,000 136,000 Salary Expense 391,000 357,000 Interest Expense 34,000 34,000 Loss on Sale of Equipment 17,000 0 Income Before Taxes 289,000 255,000 Less Income Tax Expense 119,000 102,000 Net Income 170,000 153,000

Additional Information: During the year, Johnston sold equipment with an original cost of 153,000 and accumulated depreciation of 119,000 and purchased new equipment for 272,000.

The balance of share capitalordinary at the end of 2011 equals 1552time 320, and the balance at the end of 2012 equals 1552 time 350. Use notes receivable account to maintain the equality of the financial position.