TAGUCHI COMPANY

Comparative Balance Sheet

December 31
Assets
Cash
Accounts Receivable
Inventories
Land
Equipments
Accumulated Depreciation Equipments
T-O-T-A-L
Liabilities and Stockholders Equity
Accounts Payble
Bonds Payble
Common Stock ($1 par)
Retained Earnings
T-O-T-A-L

2015
$73,000
85,000
170,000
75,000
260,000
(66,000)
$597,000
2015
$39,000
150,000
216,000
192,000
$597,000

2014
$22,000
76,000
189,000
100,000
200,000
(32,000)
$555,000
2014
$47,000
200,000
174,000
134,000
$555,000

Additional information:
1.
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5.

Net income for 2010 was $103,000.

Cash dividends of $45,000 were declared and paid.
Bonds payable amounting to $50,000 were redeemed for cash $50,000.
Common stock was issued for $42,000 cash.
No equipment was sold during 2010, but land was sold at cost.

Instructions
Prepare a statement of cash flows for 2015 using the indirect method.