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(Preparation of a Statement of Cash Flows) The comparative balance sheets of Duong Inc. at...

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(Preparation of a Statement of Cash Flows) The comparative balance sheets of Duong Inc. at the beginning and the end of the year 2014 appear below. DUONG INC. BALANCE SHEETS Inc./Dec. Assets Dec. 31, 2014 s 45,000 91,000 Jan. 1, 2014 $13,000 88,000 Cash Accounts receivable Equipment Less: Accumulated depreciation (17000) Total $32,000 Inc. 3,000 Inc. 17,000 Inc. 39,000 22,000 (11000) 6,000 Inc. $158.000 $112,000 Liabilities and Stockholders Equity Accounts payable Common stock Retained earnings Total $ 20,000 $ 15.000 $5,000 Inc. 100,000 38.000 80,000 17.000 $112000 20,000 Inc. 21,000 Inc. $158,000 Net income of $34,000 was reported, and dividends of $13,000 were paid in 2014 New equipment was purchased and none was sold. Attach File Browse Content Collection Browse Dropbox Browse My Computer

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