14. Required: Prepare a statement of Cash Flows For Year Ended December 31,2016 The comparative balance sheets of Colors Inc. at the beginning and end of the year 2016 are a follows: Cash Accounts Receivable Inventory Property, Plant and Equipment Accumulated Depreciation Marketable Securities Loan Receivable Total Assets Dec 31st January 1st $600,000 $320,000 332,000300,000 4,100,0004,100,000 500,000450,000 (325,000) (300,000) 1,250,0001,000,000 100,000 $6,457,000 $5,970,000 Accounts Payable Income Taxes Payable Dividends Payable Lease Liability Common Stock Capital in Excess of Par Retained Earnings Total Liabilities and Stockholders Equity $180,000$140,000 46,000 10,000 1,300,0001,500,000 400,000 1,500,0001,500,000 3,032,000 2,374,000 $6,457,000 $5,970,000 45,000 400,000