December 31 2015 2014 Cash $ 84,000 $ 43,000 Accounts receivable 107,000 90,000 Allowance for doubtful accounts (6,500) (7,100) Inventory 75,000 145,000 Prepaid expenses 9,500 5,100 Land 83,000 50,000 Buildings & Equipment 282,000 294,000 Accumulated depreciation (25,000) (23,000) Patents 28.000 25,000 $637,000 $622.000 Accounts payable $ 64,000 $120,000 Accrued liabilities 18,000 59,000 Short Term Note Payable (non-trade) 68,300 Bonds payable 115,000 80,000 Common stock 140,000 100,000 Retained earnings-appropriated 80,000 10,000 Retained earnings-unappropriated 261,000 202,700 Treasury stock, at cost (41.000) (18,000) $637,000 $622,000 Cash dividends declared and paid for the year $ 28,000 Sold an old building with a cost of $32,000 and accumulated depreciation of $15,000 for $14,000. Acquired a patent by issuing stock for $10,000. Prepare a statement of cash flows for Frombgen Corporation for the year 2015. (Use the indirect method.)