Payment of dividends to stockholders

$24,000

Decrease in accounts payable

$19,000

Decrease in accounts receivable

$21,000

Increase in inventories

$6,000

Increase in salaries payable

$18,000

Net income for 2014

$42,000

Payment for purchase of land and buildings

$58,000

Payment for long-term notes payable (principal payment: 20,000; interest expense and payment: 2,000)                   

$22,000

Issuance of ten-year bonds payable at par value

$40,000

Depreciation expense

$10,000

Proceeds from sale of patent rights

$26,000