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Acme Companys comparative balance sheets and income statement are presented below, along with additional information. Balance sheet at December 31 2015 2014 Cash $10,250 $

Acme Companys comparative balance sheets and income statement are presented below, along with additional information.

Balance sheet at December 31 2015 2014

Cash $10,250 $ 9,000

AR 1,500 1,800

Prepaid expenses 900 1,000

Equipment 2,000 1,000

AD, equipment ( 400) ( 200)

$ 14,250 $12,600

AP $ 900 $ 1,300

Contributed capital 5,000 3,500

RE 8,350 7,800 $ 14,250 $12,600

Income statement for 2015

Service revenue $ 45,000

Depreciation expense 200

Wages expense 29,000

Other expenses 15,000

Net income $ 800

Additional information:

Prepaid expenses relate to rent paid in advance.

Other expenses were paid in cash.

Purchased equipment for $1,000 at the end of 2015 to be used starting in 2016.

An owner contributed capital by paying $1,500 cash in exchange for the companys stock.

Required:

Prepare, in good form, the statement of cash flows for the year ended December 31, 2015, using the indirect method.

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