Can someone please show me the steps on how to solve the problem below:

Nick has made the decision to seek this outside financing in the form of new equity investments and bank loans. Naturally, new investors and the banks will require a detailed financial analysis. Your employer, Angus Jones & Partners, LLC, has asked you to examine the financial statements provided by Nick. Here are the balance sheets for the two most recent years and the most recent income statement:

Waft Computers

Balance Sheet

($ in thousands)

2015

2014

2015

2014

Current assets

Currnt Liabilities

Cash and equivalents

$452

$391

Accounts payable

$519

$485

Accounts receivable

$716

$668

Acrrued Expenses

$247

$401

Inventories

$641

$663

Total current liabilities

$766

$886

Other

$92

$78

Long term liabilities

Total current assets

$1,901

$1,800

Deferred taxes

$330

$159

Long term debt

$1,179

$1,148

Fixed assets

Property, plant, and

$4,148

$3,179

Total long trm liabilities

$1,509

$1,307

equipment

Less accumulated depreciation

$1,340

$1,092

Net property, plant, and

$2,808

$2,087

Stockholder's equity

equipment

Preferred stock

$21

$21

Intagible assets and ohers

$793

$709

Common stock

$126

$126

Capital surplus

$794

$779

Total fixed assets

$3,601

$2,796

Accumulated retained earnings

$2,478

$1,603

Less treasury stock

$192

$126

Total equity

$3,227

$2,403

Total assets

$5,502

$4,596

Total Liablities and shareholder's equity

$5,502

$4,596

		Warf Computers
		Income Statement
		($ in thousands)
Sales				$7,557
Cost of goods sold				$4,456
Selling, general, and				$848
administrative
expense
Depreciation				$248
Operating Income				$2,005
Other income				$75
EBIT				$2,080
Interest expense				$137
Pretax income				$1,943
Taxes				$776
Current		$605
Deferred		$171
Net income				$1,167
Dividends				$292
Retained earnings				$875

Nick has also provided the following information: During the year the company raised $228,000 in new long-term debt and retired $197,000 in long-term debt. The company also sold $15,000 in new stock and repurchased $66,000 in stock. The company purchased $1,482,000 in fixed assets and sold $429,000 in fixed assets.

Angus has asked you to prepare the financial statement of cash flows and the accounting statement of cash flows.