Aero Inc. had the following balance sheet at December 31, 2013.
AERO INC.
BALANCE SHEET
DECEMBER 31, 2013
Cash $ 23,330 Accounts payable $ 33,330
Accounts receivable 24,530 Bonds payable 44,330
Investments 32,000 Common stock 103,330
Plant assets (net) 84,330 Retained earnings 26,530
Land 43,330 $207,520
$207,520
During 2014, the following occurred.
1. Aero liquidated its available-for-sale investment portfolio at a loss of $8,330.
2. A tract of land was purchased for $41,330.
3. An additional $30,000 in common stock was issued at par.
4. Dividends totaling $13,330 were declared and paid to stockholders.
5. Net income for 2014 was $38,330, including $15,330 in depreciation expense.
6. Land was purchased through the issuance of $33,330 in additional bonds.
7. At December 31, 2014, Cash was $73,530, Accounts Receivable was $45,330, and Accounts Payable was $43,330.
Prepare a statement of cash flows for the year 2014 for Aero. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
AERO INC.