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Accounting 202 Name Lucas Corporation reported the following income statement and comparative balance sheet, along with transaction data for 2015: Lucas Corporation Balance Sheet December

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Accounting 202 Name Lucas Corporation reported the following income statement and comparative balance sheet, along with transaction data for 2015: Lucas Corporation Balance Sheet December 31, 20X1 and 2014 $ 19,000 S 3,000 Accounts Receivable Prepaid Expenses. Long-Term Investments... Patent,net Total Asset 34,000 1,000 18,000 67,000 31,000 3,000 10,000 Accrued Liabilities. Income Tax Payable $ 35,000 7,000 10,000 26,000 9,000 10,000 Bonds Payable 40,000 52,000 27,000 53,000 20,000 19,000 Total Liabilities and Equity. $205.002 $132.000 Lucas Corporation Income Statement Year Ended December 31,2015 Sales Revenue.. Gross Profit. 102,000 Salary Expenses... Depreciation Expense. Amortization Expense Rent Expense Total Operating Expenses $46,000 7,000 3,000 2.000 Income from Operations. 44,000 Income Tax Expense. Net Income Transaction Data for 2015 Purchase of Equipment..$98,000 Issuance of Long-Term Note Payable Issuance of common stock to $ 26.000 ? To purchase patent... s 37,000 Issuance of Long-Term Note Payable 13,000 to borrow cash 7,000 Purchase of Treasury Stock. ? Issuance of Common Stock for cash... ? Sale of Equipment (book value, Required: Construct a statement of cash flow under the direct method for the year ending December 31, 2015

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