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15. EMD, Inc., has the following comparative balance examination: sheets and income statement available for your EMD, Inc. Balance Sheets December 31, 2011 and 2010

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15. EMD, Inc., has the following comparative balance examination: sheets and income statement available for your EMD, Inc. Balance Sheets December 31, 2011 and 2010 (in thousands) 2010 s 36 96 168 246 Accounts Receivable s 66 Property, Plant, and Equipment. Accumulated Depreciation Total Assets .. 138 206 266 (70) ) Accounts Payable Common Stock... . $106 406 94 $606 $ 88 326 78 92 Total Equities EMD, Inc. Income Statement For the Year Ended December 31,2011 (in thousands) $536 Cost of Goods Sold Gross Profit .. 140 Operating Expenses: Depreciation Income Taxes Other $22 18 56 96 Net Income Additional information: 1. Fully depreciated equipment costing S6 was discarded on the first day of business of 2. 3. 4. 5. 2011 A building was purchased for $26. Cash Dividends of $8 were paid. Common stock of $60 was sold during 2011 for cash. A common stock dividend of $20 was issued in 2011. No cash was rece ved. Prepare a statement of cash flows for EMD, Inc., for 2011 employing the indirect method

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