ASAP PLEASE

ABC Inc's balance sheet and income statement are as follows ABC Inc ABC Inc Comitative Balance Sheet Information Income Statement December 31 For the Year Ended December 31, 2015 Assets 2015 2014 Sales $1,384,000 Cash $112,000 $76,000 Cost of goods sold 783,000 Accounts receivable 57.000 50,000 Gross profit 601,000 Merchandise inventory 400,000 351,000 Operating expenses Equipment 218,000 198,000 Depreciation expense 35,000 Accumulated depreciation (104,000) (69,000) Other expenses 340,000 Total assets $683,000 $606,000 Total operating expenses 375,000 Liabilities and Equity Income from operations 226,000 Accounts payable $45,000 $64,000 Income taxes 25,000 Income taxes payable 22,000 17,000 Net income $201 000 Share capital 515,000 470,000 Retained earings 101,000 55,000 Total liabilities and equity $683,000 $606,000 Additional information regarding ABC Inc.'s activities during 2015 a Equipment is purchased for $20,000 cash b. 18,000 common shares are issued for cash at $2.50 per share Prepare a statement of cash flows for 2015. Use the indirect method to report cash inflows and outflows for the operating activities section (select one) Statement of Cash Flows (select one) X + + +