Patterson,Inc

Essay

Patterson,Inc.,has the following comparative balance sheets and income statement available for your examination:


Additional information:
1.Fully depreciated equipment costing $6,000 was abandoned on the first day of business of 2014.
2.A building to store materials was acquired for $26,000.
3.A stock dividend of $20,000 was declared and distributed,as was a cash dividend of $8,000.
4.Additional stock was sold during 2014 for cash.
Prepare a statement of cash flows for Patterson,Inc.,for 2014 employing the indirect
method of identifying cash flows from operating activities.