4.9. Condensed financial statements for Dragoon Enterprises follow. (a) Calculate the amount of dividends Dragoon paid using the information given. (b) Prepare a statement of cash flows using the indirect method. Dragoon Enterprises Comparative Balance Sheets December 31, 2015 and 2014 2015 2014 Cash $1,200 $ 850 Accounts receivable 1,750 1,200 Inventory 1,250 1,360 Plant and equipment 4,600 3,900 Accumulated depreciation (1,200) (1,100) Long-term investments 970 1,110 Total Assets 8,570 7.320 Accounts payable 1,100 800 Accrued wages payable 250 350 Interest payable 70 120 Income tax payable 200 50 Bonds payable 1,100 1,400 Capital stock 1,000 930 Paid-in capital 400 70 Retained earnings 4,450 3,600 Total Liabilities and Equity $8,570 $7,320 Income Statement for Year Ended December 31, 2015 Sales $9,500 Cost of goods sold 6,650 Gross profit 2,850 Other expenses Selling and administrative 1,200 Depreciation 100 Interest 150 Income tax 350 Net income $1,050