Cash flow statement - Juras Equipment Co. for December 31, 2013

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.