Balance Sheet - Partial Cristiano Inc. As on Dec 31st 2015 Income Statement - Partial Cristiano Inc. For the year ended 31 Dec 2015 2015 2014 Assets Fixed Assets ACC. Dep Investment Inventory A/c Rcievable Cash 315,000 205,000 (44,500) (40,000) 79,500 107,000 126,900 102,650 60,800 37,000 102,700 33,400 Sales Gain on Sale Total Income Cost of Goods Sold Operating Expenses Depreciation Expense Income Tax Interest Total Expenses 297,500 5,000 302,500 (99,460) (19,670) (30,500) (37,270) (2,940) (189,840) 640,400 445,050 Net Profit 112,660 Liabilities & Equity Capital Retained Earnings Bonds Payable A/c Payable Accrued Expense 250,000 172,600 145,000 57,700 15, 100 200,000 107,940 70,000 48,280 18,830 640,400 445,050 Additional Data: New fixed asset costing 146,000 were purchased on cash during the year. Investment were sold at cost. Asset costing 36,000 were sold for 15,000 cash resulting in a gain of 5,000. Cash dividend paid 48,000 Required: Prepare statement of cashflow with indirect method