Contest Company Cash Flow Statement for the year ended December 31, 2015 2015 2014 Using a spreadsheet, create a Cash Flow Statement for Contest Company for the year ended December 31, 2015 using the changes from the Comparative Balance Sheet. Assets Additional Information: Cash 63,000 24,000 Accounts Receivable 48,000 54,000 The company had a net income of $60 000 in 2015. 126,000 108,000 Inventory Equipment Accumulated Depreciation - Equipment Equipment costing $21 000 was purchased. 90,000 111,000 (27,000) 321,000 (18000) 1 500 Common Shares were issued at $12 per share for a total of $18 000. Total Assets 258,000 $21 000 in cash dividends were paid out. Liabilities 42,000 30,000 Accounts Payable Taxes Payable 6,000 12,000 Shareholders' Equity Common Shares 198,000 180,000 75,000 Retained Earnings Total Liabilities and Shareholders' Equity 36,000 258,000 321,000