Create a statement of cash flow (indirect method) with this information.

Balance Sheet 2015

Current Assets

Cash $42,200

Notes Receivable $16,000

Accounts Receivable $41,800

Less: Allowance for Doubtful Accounts ($3000)

Inventories $38,800

Prepaid Insurance $540

Prepaid Rent $600

Total Current Assets $136,940

Non-Current Assets

Long-term Investments

Investments in held for maturity securities $52,000

Land held for future development $45,500

Property, Plant, Equipment

Land $85,000

Buildings $675,000

Less: Accumulated Depreciation ($183,118)

Intangible Assets

Capitalized Development Costs $8,000

Goodwill $76,700

Other Identifiable Intangible Assets $48,000

Total Non-Current Assets $802,700

Total Assets $939,640

Current Liabilities

Notes Payable $110,000

Accounts Payable $32,000

Unearned Revenues $13,500

Income Taxes Payable $8,440

Property Taxes Payable $6,600

Interest Payable $1,500

Total Current Liabilities $172,040

Non-Current Liabilities

Provisions Related to Pensions $84,100

Bonds Payable $300,000

Total Non-Current Liabilities $384,100

Total Liabilities $556,140

Stockholders Equity

Common Stock $100,000

Preferred Stock $100,000

Paid-in-capital Common Stock $27,500

Paid-in-capital Preferred Stock $10,000

Retained Earnings $152,750

Accumulated Other Comprehensive Income $6,000

Less: Treasury Stock ($12,750)

Total Stockholders Equity $383,500

Total Liabilities & Stockholders Equity $936,640

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Balance Sheet 2016

Current Assets

Cash $42,200

Notes Receivable $16,000

Accounts Receivable $41,000

Less: Allowance for Doubtful Accounts ($900)

Inventories $40,146

Prepaid Insurance $540

Prepaid Rent $600

Total Current Assets $139,586

Non-Current Assets

Long-term Investments

Investments in held for maturity securities $52,000

Land held for future development $45,000

Property, Plant, Equipment

Land $80,000

Buildings $674,000

Less: Accumulated Depreciation ($183,118)

Intangible Assets

Capitalized Development Costs $8,000

Goodwill $76,000

Other Identifiable Intangible Assets $48,000

Total Non-Current Assets $799,882

Total Assets $939,468

Current Liabilities

Notes Payable $110,000

Accounts Payable $32,000

Unearned Revenues $13,500

Income Taxes Payable $8,440

Property Taxes Payable $6,600

Interest Payable $8,440

Total Current Liabilities $178,980

Non-Current Liabilities

Provisions Related to Pensions $84,100

Bonds Payable $300,000

Total Non-Current Liabilities $384,100

Total Liabilities $563,080

Stockholders Equity

Common Stock $100,000

Preferred Stock $100,000

Paid-in-capital Common Stock $27,500

Paid-in-capital Preferred Stock $10,000

Retained Earnings $152,750

Accumulated Other Comprehensive Income $6,000

Less: Treasury Stock ($20,462)

Total Stockholders Equity $375,788

Total Liabilities & Stockholders Equity $939,468

Income Statement

1. Sales	100,000
2. Cost of Goods Sold	36,510
3. Gross Profit	63,490
4. Depreciation	13,250
5. Interest	1,500
6. Earnings Available to Common Shareholders	62,590
7. Dividends	900
8. Net Income	63,490