Pr 16-1b statement of cash flows and indirect methodthe

Reference no: EM13592862

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.

Reference no: EM13592862

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