Blake Weaver, Cook Enterprises' controller, is preparing the financial statements for 2016. He has completed the comparative balance sheets and income statement, which follow, and has gathered this additional information: On December 31, 2016, Cook sold a piece of equipment with an original cost of $25,000 for $30,000 cash. The equipment had a book value of $13,000 On February 1, 2016, Cook issued $100,000 of common stock to raise cash in anticipation of the purchase of a new building later in the year. On February 2, 2016, Cook took out a ten-year $75,000 long-term loan to provide the remaining funds needed to purchase the building. On May 15, 2016, Cook paid $150,000 for the new building. The company repaid $4,600 of the long-term debt before the end of the year. Ceek Enterprises Income Statement For the Year Ended December 31, 2016 Sales revenue $1.070,000 Gain on ipment sale 17,000 Total revenue 1.007.000 Cost of goods sold 700.000 Operating expenses Depreciation expense $30,000 Interest expense 7,400 Wages expenses 175,000 Other expenses 16,000 228.400 Income before taxes 158.600 63.400 Net income $95,200 Cook Earries Comparative Balance Sheets As of December 31 2016 $40,400 $124.200 287,200 Accounts receivable net Totalment assets Property. c om Accounts payable Wages payable Acord es More pati Common ock Bened earnings Total stockholders' equity Totalities & stockholder'cuity 5743.400 $505.200 (a2) Using the direct method, prepare Cook Enterprises' statement of cash flows for 2016. (Show amounts that decrease cash flow with either a-sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Cook Enterprises Statement of Cash Flows For the Year Ended December 31, 2016 Netch Click if you would like to Show Work for this question: Open Show Work