Condensed financial data of Raiders Corp. for 2016 and 2015 are presented below RAIDERS CORP COMPARATIVE BALANCE SHEET AS OF DECEMBER 31 2016 2015 600 200 2,100 1,200 1,200 55) 5,650 $4,845 $ 750 $1,200 520 1,000 1,400 725 5,650 $4,845 Cash Investments Receivables Inventony Plant assets Accumulated Depreciation $ 800 2,250 1,600 1,600 (600) Accounting payable Accrued liabilities Bonds payable Capital stock Retained earnings 330 800 1,500 2,270 RAIDERS CORP INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2016 Sales Cost of goods sold Gross margin Selling and administrative expense Income from operations Other revenues and gains $15,200 10,400 4,800 1,205 3,595 Loss on sale of investments Income before income tax Income tax expense Net income Cash dividends Income retained in business 50 3,545 1,400 2,145 600 $1.545 Additional information: During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in 2014. Instructions Prepare a statement of cash flows using the indirect method