3. (a) Lallum noul Ullation a statement of cash flows using the indirect method. (b) Prepare a statement Dragoon Enterprises Comparative Balance Sheets December 31, 2015 and 2014 2015 2014 $ 1,200 1,750 1,250 4,600 (1,200) 970 8,570 1,100 $ 850 1,200 1,360 3,900 (1,100) 1,110 7,320 Cash Accounts receivable Inventory Plant and equipment Accumulated depreciation Long-term investments Total Assets Accounts payable Accrued wages payable Interest payable Income tax payable Bonds payable Capital stock Paid-in capital A r Retained earnings Total Liabilities and Equity 800 350 250 50 ,400 930 200 1,100 1,000 400 4,450 $8,570 3,600 $7,320 UN Income Statement for Year Ended December 31, 2015 Sales R $ 9,500 Cost of goods sold out 6,650 Gross profit notebb b ,850 Other expenses Selling and administrative Depreciation 100 Interest 150 Income tax 350 Net income $ 1,050 1,200