2015 2014

Cash $292,000 $153,000

Accounts Receivable 149,000 117,000

Inventory 150,000 180,000

Prepaid Expenses 18,000 27,000

Plant assets 1,275000 1,050,000

Accumulated Depreciation (450,000) (375,000)

Patent 153,000 174,000

$1,587,000 $1,326,000

Accounts Payable $153,000 $168,000

Accrued Liabilities 60,000 42,000

Mortgage Payable ----- 450,000

Preferred Stock 525,000 ------

Additional paid in capital -preferred 120,000 ____

Common Stock 600,000 600,000

Retained Earnings 129,000 66,000

$1, 587,000 $1,326,000

1. The accumulated Depreciation account has been credited only for the depreciation expense for the period.
2. The Retained Earnings account has been charged for dividends of $148,000 and credited for the net income for the year.

The income statement for 2015 is as follows:

Sales Revenue $1, 980,000

Cost of Sales 1, 089,000

Gross Profit 891,000

Operating Expenses 680,000

Net Income $211,000

(a) From the information above, what is a statement of cash flows (indirect method) for Hartman, Inc. for the year ended December 31, 2015.