Income Statement More info Black Iron is depreciating the building over 25 years using the straight-line method, with an estimated residual value of $52,000. The furniture and fixtures will be replaced at the end of five years and are being depreciated using the double-declining-balance method, with a residual value of zero. At the end of the Now show what the r.omnanv will renort on its halance. sheept first year, the company still had dishes and supplies worth $1,600. Finally, show what to report on the statement of cash flows (investing only). (Use a minus sign or parentheses for cash outflows.) Statement of Cash Flows