Prepare and use the statement of cash flows
Response to the following problem:
During fiscal year 2014, Hearth & Home Bakery reported a net income of $122.9 million. Hearth & Home Bakery received $1.8 million from the sale of other businesses. Hearth & Home Bakery made capital expenditures of $8.1 million and sold property, plant, and equipment for $6.0 million. The company purchased long-term investments at a cost of $11.6 million and sold other longterm investments for $4.3 million.