a. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required.

Tru-Built Construction Inc.
Statement of Cash Flows
For the Year Ended December 31, 2014
Cash flows from operating activities:
		$
Adjustments to reconcile net income to net cash flow from operating activities:
Changes in current operating assets and liabilities:
Net cash flow from operating activities				$
Cash flows from investing activities:
		$
Net cash flow provided by investing activities
Cash flows from financing activities:
		$
Net cash flow provided by financing activities
				$
Cash at the beginning of the year
Cash at the end of the year

Statement of Cash FlowsIndirect Method

The comparative balance sheet of Tru-Built Construction Inc. for December 31, 2014 and 2013, is as follows:

		Dec. 31, 2014		Dec. 31, 2013
Assets
Cash		$122		$38
Accounts receivable (net)		69		48
Inventories		44		26
Land		99		109
Equipment		56		42
Accumulated depreciation-equipment		(15)		(8)
	Total	$375		$255
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$47		$38
Dividends payable		8		-
Common stock, $10 par		25		12
Paid-in capital in excess of par-common stock		64		30
Retained earnings		231		175
	Total	$375		$255

The following additional information is taken from the records:

Land was sold for $25.

Equipment was acquired for cash.

There were no disposals of equipment during the year.

The common stock was issued for cash.

There was a $81 credit to Retained Earnings for net income.

There was a $25 debit to Retained Earnings for cash dividends declared.