Inc./Dec. $17,000 Inc. 6,000 Inc 3,000 Inc. 32,000 Inc. Assets Equipment Less: Accumulated depreciation-equipment Accounts receivable Cash Total Equity and Liabilities Share capital ---ordinary Retained earnings Accounts payable Total LOPEZ INC. STATEMENTS OF FINANCIAL POSITION Dec 31, 2015 Jan 1, 2015 $ 39,000 $ 22,000 (17,000) (11.000) 91.000 88,000 45,000 13,000 $158,000 $112.000 $100,000 38,000 20,000 $158,000 $ 80,000 17,000 15,000 $112,000 20,000 Inc. 21,000 Inc. 5,000 Inc. Net income of $34,000 was reported, and dividends of $13,000 were paid in 2015. New equipment was purchased and none was sold. Instructions Prepare a statement of cash flows for the year 2015, DD ES-15 (Preparation of a Statement of Cash Flows) Presented below is a condensed version of the cor parative statements of financial position for Yoon Corporation for the last two years at December (amounts in millions). 2015 2014 Investments W 52,000 W 74,000 Equipment 298,000 240,000 Less: Accumulated depreciation-equipment (106,000) (89,000) Accounts receivable 180,000 185,000 Cash 157,000 78,000 Share capital - ordinary 160,000 160,000 Retained earnings 287,000 177,000 Current liabilities 134,000 151,000 Additional information: Investments were sold at a loss of W7,000; no equipment was sold; cash dividends paid were w50,000; and net income was W160,000. Instructions (a) Prepare a statement of cash flows for 2015 for Yoon Corporation. (b) Determine Yoon Corporation's free cash flow