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estion 7. (15 Marks) The following information is taken from Rick Corporation's financial statements Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation -
estion 7. (15 Marks) The following information is taken from Rick Corporation's financial statements Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation - building Equipment under finance lease Patents, net of accumulated amortization December 31 2015 2014 $ 82,000 $ 27,000 90,500 76.900 145.000 175.000 7,500 6.800 93.000 60.000 287,000 244.000 (35,000) (13.000) 100.000 0 20.000 35,000 $790.000 5611,700 Accounts payable Accrued pension liability Finance lease obligation Bonds payable Common shares Retained earnings Treasury shares, at cost $ 90,000 54,000 90,000 125,000 100,000 346,000 (15,000) $790,000 $ 84.000 63,000 0 60,000 100,000 312,700 (8,000) $611,700 Additional Information For 2015 Year Net income Depreciation expense Pension expense Amortization of patents Cash dividends declared and paid Proceeds from sale of patents Equipment finance lease payment $53,300 $22,000 $15,000 $7,000 $20,000 $8,000 $10,000 Required: year 2015 Prepare a statement of cash flows (indirect method) for Rick Corporation for the
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