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Valor Inc. balance sheet and income statement are as follows Voletina Velorinc Domov Balance sheet information Income Statement December 31 For the Year Ended December 31, 2015 Assets 2015 2014 Salon $1,385,000 Cash $121,000 $80,000 Cost of goods sold 813,000 Account ceivable 01.000 51,000 Gross prot 572,000 Merchandise inventory 405.000 354,000 Operating expenses Equipment 219.000 195,000 Depreciation expense 36.000 Accumulated depreciation (106,000) (70,000) Other expenses 350.000 Total assets $700.000 5610,000 Total Operating expenses 386,000 Les and Equity Income from operations 186,000 Accounts payable $47.000 563,000 Income taxes 27.000 Income taxes payable 23.000 19.000 Net income $450,000 Share capital 507,500 470,000 Retained earning 122.600 58.000 Total abilities and equity $700.000 $610,000 Additional information regarding Volor ina's activities during 2015, Equipment is purchased for $24,000 cash b. 15,000 common shares are issued for cash at $2,50 per share Prepare a statement of cash flows for 2015. Use the indirect method to topior cash inflows and oufflows for the operating activities section octone) Statement of Cash Flows (select one) X X X X XXXX ttttt