Prepare a statement of cash flows for the Maris Corporation.

MARIS CORPORATION
Income Statement
Year ended December 31,2015

Sales................................................................................$3,300,000
Cost of goods sold .. ... . ..... . . . .. .. . ... . .... .. . . .... .. ... .1,950,000
Gross profits ...................... . . . . . .... .. .. .. .. .. . . ........... .1,350,000
Selling and administrative expense .... . . . . . .... .. .. ... . . . .650,000
Amortization expense ................... . .....................................230,000
Operating income..................................................................470,000
Interest expense......................................................................80,000
Earnings before taxes ...... . .. .. .. . . . . . .... .. .. .. .. .. . . .......390,000
Taxes ....................... . .. .. . . . . . . . .... .. .. .. . . . . . . .............140,000
Earnings after taxes .......... ....................................................250,000
Preferred stock dividends .................... ....................................10,000
Earnings available to common shareholders ..... .. . . .. .. . ..$ 240,000
Shares outstanding ...... ..... ............ ... ...................................150,000
Earnings per share.....................................................................$1.60
Statement of Retained Earnings
For the Year Ended December 31, 2015
Retained earnings, balance, January 1, 2015 ................. . .$800,000
Add: Earnings available to common shareholders, 201 5 .....240,000
Deduct: Cash dividends declared and paid in 2015...............140,000
Retained earnings, balance, December 3 1, 2015 ........ . ....$900,000

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Comparative Balance Sheets December 31, 2015 December 31, 2014 Assets Current assets: $ 120,000 $ 100,000 Cash .. Accounts receivable (net) 510,000 500,000 Inventory.. 640,000 610,000 Prepaid expenses. 30,000 60,000 Total current assets 1,300,000 1,270,000 Investments (long-term securities). Plant and equipment . 80,000 90,000 2,600,000 2,000,000 Less: Accumulated amortization 1,230,000 1,000,000 Net plant and equipment.. 1,370,000 $2,750,000 1,000,000 $2,360,000 Total assets.. Liabilities and Shareholders' Equity Current liabilities: Accounts payable. $ 550,000 $ 300,000 Notes payable.. Accrued expenses 500,000 500,000 50,000 70,000 Total current liabilities.. 1,100,000 870,000 Long-term liabilities: Bonds payable, 2021. 160,000 100,000 Total liabilities 1,260,000 970,000 Shareholders' equity: Preferred stock 90,000 90,000 Common stock 500,000 500,000 Retained earnings.. Total shareholders' equity. . Total liabilities and shareholders' equity.... 900,000 800,000 1,390,000 $2,360,000 1,490,000 $2,750,000