Cyberdyne Systems Balance Sheet As of 12/31/2015 and 2016 Cash Accounts Receivable Inventory PP&E Accumulated Depreciation - PP&E Total Assets Liabilities and Stockholders' Equity Salaries Payable Interest Payable Dividends Payable Bonds Payable Total Liabilities Stockholders' Equity Common Stock ($1 par value) APIC-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Cyberdyne Systems Income Statement For the year ended 12/31/2016 Assets Sales Revenue Cost of Goods Sold Gross Profit 2015 2016 $500 $275 1,000 2,500 600 200 2,500 2,600 (1,000) (1,050) $3,600 $4,525 S 50 $ 130 150 50 25 1,500 1,300 1,600 1,605 100 660 1,000 1,540 900 720 2,000 2,920 3.600 4.525 $2,000 (500) $1,500 Cyberdyne Systems Income Statement For the year ended 12/31/2016 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Salary Expense $2,000 (500) $1,500 Total Operating Expenses (800) Other Items Interest Expense (150) Loss on Sale of PP&E (50) Loss on Early Retirement of Debt (100) Pre-tax Income $400 Income tax expense (80) Net Income $320 Additional Information: i) Selling expenses includes depreciation of $150. ii) iii) The company issued a new bond at par, and used the proceeds to purchase PP&E. The company gave bondholders 60 shares of newly issued common stock to retire a bond early. The market price per share are the time of the retirement was $10 per share. The bond was initially issued at par value. PP&E was sold for cash. iv) v) The company issued a large stock dividend during the year. What is the net operating cash flow? (300) (500)