Carla Company has not yet prepared a formal statement of cash flows for the 2017 fiscal year. Comparative balance sheets as of December 31, 2016 and 2017, and a statement of income and retained earnings for the year ended December 31, 2017, are presented as follows. CARLA COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2017 $000 OMITTED) Sales revwenue $3,820 Expenses Cost of goods sold Salaries and benefits Heat, light, and power Depreclation Property taxes Patent amortization Miscellaneous expenses Interest $1,200 740 80 90 20 20 10 30 2,190 1,630 815 815 320 1,135 615 $520 Income before income taxes Income taxes Net income Retained earnings-Jan. 1, 2017 Stock dividend declared and issued Retained earnings-Dec. 31, 2017 CARLA COMPANY COMPARATIVE BALANCE SHEETS AS OF DECEMBER 31 ($000 OMITTED) Assets 2017 2016 Current assets Cash U.S. Treasury notes (available-for-sale) Accounts receivable Inventory Total current assets $333 $100 50 520 560 1,863 1,230 10 790 730 Long-term assets 150 Land Buildings and equipment Accumulated depreciation-buildings and equipment (200) 110) Patents (less amortization) Total long-term assets Total assets 70 920 600 130 690 $2,843 $1,920 110 980 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Notes payable Total current liabilities $452 $350 30 320 700 190 890 36 320 808 190 998 Long-term notes payable-due 2019 Total liabilities Stockholders' equity 1,325 520 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 710 320 1,845 1,030 $2,843 $1,920 Prepare a statement of cash flows using the direct method. Changes in accounts receivable and accounts payable relate to sales and cost of goods sold. (Show amounts in the investing and financing sections that decrease cash flow with either a-sign e-8.-15,000 or In parenthesis e.8. (15,000).) CARLA COMPANY Statement of Cash Flows ($000 Omltted)