The Following Information for Amphora Company Is Available at December

question 19

Essay

The following information for Amphora Company is available at December 31,2014,and for the year then ending:

The following information is available for specific accounts and transactions:
1.On February 2,2014,Amphora issued a 10 percent stock dividend to shareholders of record on January 15,2014.Market price per share of the common stock on February 2,2014,was $15.
2.On March 1,2014,Amphora issued 3,800 shares of common stock for land.The common stock had a current market value of approximately $40,000 on March 1,2014.
3.On April 15,2014,Amphora repurchased its long-term bonds payable with a face value of $50,000 for cash.
4.On June 30,2014,Amphora sold for $19,000 cash equipment having a book value of $23,000 and an original cost of $53,000.
5.On September 30,2014,Amphora declared and paid a 4 cent per share cash dividend to shareholders of record on August 1,2014.
6.On October 1,2014,Amphora purchased land for $85,000 cash.
Required:
Prepare a statement of cash flows for Amphora Company for the year ending December 31,2014,using the indirect method.

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Definitions:

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