FAHAD COMPANY COMPARATIVE STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2015 AND 2014 2015 1,700 2014 Debt investments (held-for-collection) 1,300 1,470 Plant assets Accumulated depreciation 1,900 (1,200) (1,170) Inventory 1,600 1,900 Accounts receivable 1,750 1,300 Cash 1,800 1,100 7.150 6.300 Share capital-ordinary 1,900 1,700 Retained earnings 2,450 1,900 Bonds payable 1,400 1,650 Accounts payable 1,200 800 Accrued liabilities 200 250 7.150 6.300 FAHAD COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2015 Sales revenue Cost of goods sold Gross margin Selling and administrative expense Income from operations Other income and expense Gain on sale of investments Income before tax Income tax expense Net income 6,900 4,700 2.200 930 1.270 80 1,350 540 810 Additional information: During the year, 70 of ordinary shares were issued in exchange for plant assets. No plant assets were sold in 2015. Cash dividends were 260. Instructions: a) Prepare a statement of cash flows using the indirect method. method. b) Prepare a statement of cash flows using the direct