Statement of Cash Flows-Indirect Method
The comparative balance sheet of Juras Equipment Co. for December 31, 2013 and 2012, is as follows:
![1788_comparative balance sheet of Flack Inc1.gif](https://secure.tutorsglobe.com/CMSImages/1788_comparative%20balance%20sheet%20of%20Flack%20Inc1.gif)
The following additional information was taken from the records of Juras Equipment:
Equipment and land were acquired for cash.
There were no disposals of equipment during the year.
The investments were sold for $129,600 cash.
The common stock was issued for cash.
There was a $228,960 credit to Retained Earnings for net income.
There was a $144,000 debit to Retained Earnings for cash dividends declared.
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. If needed, use the minus sign to indicate cash outflows, negative amounts or a decrease in cash.