10. During 2015, Patnode had a cash outflow of $15,000 for investing activities and a cash inflow of $7,000 from financing activities. Its 2015 cash flow from operations was an outflow of $15,000 inflow of $15,000 outflow of $8,000 inflow of $8,000 Note that amortization of the license Patnode, Inc. Comparative Balance Sheet line item only for ease of calculations Assets Dec. 31, 2014 Liabilities Dec. 31, 2015 Change Dec. 31, 2014 Dec. 31,2015 Change Current Asses Cash Accounts receivable Merchandise inventory Total ourrent assets Current Liabilities Accounts payable Taxes payable Short-term debt Total ourrent labilities Owners' Equity $13,000 7,000 10,000 $12.000 9400 15,000 $36,400 $7,000 3,000 (0,000) $4,000 $34.000 $41,000 25,000 12,000 $78,000 S-1,000 2400 5,000 22.000 18,000 $74,000 $30.000 0.400 Non-Current Assets Machinery, at cost Less: Accumulated depreciation Machinery, net 15,000 3,000 12.000 0 2000 (2.000) $15,000 3,000 Common stock Retained earnings Total Liabilities & Owners' Equity 19,000 34,000 3000 4,600 22.000 38,000 12,000 10,000 1,000 $10,000 3,000 $ 14,000 License, at cost Less: Amortization License, net $ 83,000 $97,000 9.000 7,000 $ 97,000 $14,000 Total Assets $83,000