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Comparative balance sheets for GK company are prepared below. GK Company Comparative balance Sheets December 31 Additional Information: Net income for 2016 was exist125,000 Bonds

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Comparative balance sheets for GK company are prepared below. GK Company Comparative balance Sheets December 31 Additional Information: Net income for 2016 was exist125,000 Bonds payable amounting to exist 50,000 were redeemed for cash exist 50,000 Common stock was issued for exist 50,000 sales for the year were exist978,000 Instructions: Prepare a statement of cash flows for 2016 using the indirect method

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