My Music Corporation had the following financial information for 2013.  Prepare the investing and financing sections of the statement of cash flows.

My Music Corporation Income Statement For Year Ended December 31, 2013
Â	Â	Â
Revenue:	Â	Â
  Sales Revenue	Â	365,000
Â	Â	Â
Expenses:	Â	Â
Depreciation Expense	23,000	Â
Salaries Expense	120,000	Â
Rent Expense	20,000	Â
Utilities Expense	5,900	Â
Loss on Sale of Equipment	1,600	Â
  Total Expenses	Â	170,500
Â	Â	Â
Net Income	Â	194,500

 

My Music Corporation Balance Sheet December 31, 2013
Â	Â	Â	Â	Â	Â	Â
Assets:	2013	2012	Â	Liabilities & Equity:	2013	2012
Cash	404,200	288,850	Â	Accounts Payable	56,300	48,050
Accounts Receivable	120,000	65,000	Â	Taxes Payable	3,650	4,800
Supplies	2,000	1,250	Â	  Total Current Liabilities	59,950	52,850
Inventory	175,000	310,000	Â	Long Term Notes Payable	 82,500
  Total Current Assets	701,200	665,100	Â	Â	Â	Â
Â	Â	Â	Â	Common Stock	280,000	275,000
Â	Â	Â	Â	Paid in capital in excess of par value, common stock	260,000	210,000
Equipment	155,000	180,000	Â	  Total Paid in Capital	540,000	485,000
Less: Accum. Depreciation	(90,500)	(94,000)	Â	Â	Â	Â
  Total Plant Assets	64,500	86,000	Â	Retained Earnings	83,250	93,250
Â	Â	Â	Â	Â	Â	Â
TOTAL ASSETS	765,700	751,100	Â	TOTAL LIABILITIES AND EQUITY	765,700	751,100

 

Additional Information:

1. Old Equipment was sold for cash. The old equipment had an original cost of $74,000. 
2. New equipment was purchased for $49,000 cash. No deprecation will be recorded for this equipment in 2013. 
3. Long term note payable was paid in cash. No new notes were issued this year. 
4. Common stock was issued for cash. 
5. Cash dividends were paid to shareholders.

Description	Amount	Total
Subcategory,Cash Flows from Investing Activities:
	Single line	Single line
Net Cash Used by Investing Activities		Single line
Subcategory,Cash Flows from Financing Activities:
	Single line	Single line
Net Cash Used by Financing Activities		Single line