Prepare a statement of cash flows for the year 2014 for Aero.

AERO INC.
BALANCE SHEET
DECEMBER 31, 2013

Cash

$ 21,100

Accounts payable

$ 31,100

Accounts receivable

22,300

Bonds payable

42,100

Investments

32,000

Common stock

101,100

Plant assets (net)

82,100

Retained earnings

24,300

Land

41,100

Total Liability & Equity

$198,600

Total assets

$198,600

1.

Aero liquidated its available-for-sale investment portfolio at a loss of $6,100.

2.

A tract of land was purchased for $39,100.

3.

An additional $30,000 in common stock was issued at par.

4.

Dividends totaling $11,100 were declared and paid to stockholders.

5.

Net income for 2014 was $36,100, including $13,100 in depreciation expense.

6.

Land was purchased through the issuance of $31,100 in additional bonds (a non-cash transaction).

7.

At December 31, 2014, Cash was $71,300, Accounts Receivable was $43,100, and Accounts Payable was $41,100.