Taplmmune Inc. began operations on January 1, 2013. Its post-closing trial balance at December 31, 2013 and 2014 is shown below along with some other information.
Other information regarding Taplmmune Inc. and its activities during 2014: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold for cash equal to book value during the year.
Required Using the information provided, prepare a statement of cash flows (applying the indirect method) for the year ended December 31, 2014. Analysis Component: The net decrease in cash during 2014 for Taplmmune Inc. was $75 million. Briefly explain what caused this change using the statement of cash flows preparedabove.