PR 16-1B Statement of cash flows and indirect method

The comparative balance sheet of Juras Equipment Co. for December 31, 2013 and 2012, is as follows:

The following additional information was taken from the records of Juras Equipment:

1.

Equipment and land were acquired for cash.

2.

There were no disposals of equipment during the year.

3.

The investments were sold for $129,600 cash.

4.

The common stock was issued for cash.

5.

There was a $228,960 credit to Retained Earnings for net income.

6.

There was a $144,000 debit to Retained Earnings for cash dividends declared.

Instructions

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.

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