Hartman, Inc. has prepared the following comparative balance sheets for 2014 and 2015:

2015 2014

Cash $ 350,400 $ 183,600

Accounts receivable 178,800 140,400

Inventory 180,000 216,000

Prepaid expenses 21,600 32,400

Plant assets 1,530,000 1,260,000

Accumulated depreciation (540,000) (450,000)

Patents 183,600 208,800

$1,904,400 $1,591,200

Accounts payable $ 183,600 $ 201,600

Accrued liabilities 72,000 50,400

Martgage payable 540,000

Preferred stock 630,000

Additional paid-in

capital-preferred 144,000

Common stock 720,000 720,000

Retained earnings 154,800 79,200

$1,904,400 $1,591,200

1. The Accumulated Depreciation account has been credited only for the depreciation expense for the period. 2. The Retained Earnings account has been charged for dividends of $177,600 and credited for the net income for the year.

The income statement for 2015 is as follows:

Sales revenue $2,376,000

Cost of sales 1,306,800

Gross profit 1,069,200

Operating expenses 816,000

Net income $ 253,200

From the information above, prepare a statement of cash flows (indirect method) for Hartman, Inc. for the year ended December 31, 2015. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

From the information above, prepare a schedule of cash provided by operating activities using the direct method.