Make a statement of cash flows for 2015 using the indirect method. Below are the company's balance sheet, income statement, and the template for the statement of cash flows.

Note 1: During 2015, one piece of equipment was purchased (industrial oven for baking). The entire cost of purchase was satisfied with issuance of shares directly to the manufacturer. MBA Food Industries issued 4,000 shares in full satisfaction of the purchase price. If the company had purchased the oven for cash, they would have paid $90 thousand. Note 2: On January 1, 2015, the old food processing and manufacturing facilities were sold for $5. The facilities had originally cost $60 and had accumulated depreciation of $48 at the time of sale. Note 3: Also on January 1, MBA Food Industries signed a ten year lease agreement for a new facility with a fair value of $150. The lease agreement specifies that MBA Food Industries make annual payments of $20 on December 31 of each year, and it transfers ownership of the facility to MBA Food Industries at the end of the lease term. Note 4: MBA Food Industries holds one patent. The patent provided exclusive use of technology that reduces wastage and decreases food processing costs. The patent was purchased at the beginning of 2010 for $40 cash. The legal life of patents is 20 years and the company sees no end to the benefit of this technology. Note 5: During 2015, a total of 7,000 common shares were issued. Of this total, 4,000 were issued to acquire some new equipment (see Note 1). The 3,000 shares were sold on the market for cash proceeds of $70. Note 6: During 2015, dividends were declared on the common stock. Dividends payments were also made during the year.

Find these values in the statement of cash flow based on the other financial information and the notes

Cash from operating activities: Net income Depreciation Amortization Loss on sale of PP&E

Increase/decrease in accounts receivable Increase/decrease in inventories Increase/decrease in accounts payable Increase/decrease in interest payable Net cash provided by operating activities

Cash from investing activities: Proceeds from sale of PP&E Payment of lease principal Net cash used in investing activities

Cash from financing activities: Proceeds from share issuance Payment of outstanding debt Payment of dividends to shareholders Net cash used in financing activities Net increase (decrease) in cash and cash equivalents

2015 2014 $ 107 $ 25 195 327 469 (117) 352 28 $ 707 $ 17 12 173 202 289 (120) 169 30 401 Assets Current assets: Cash and cash equivalents Accounts receivable Inventories Total current assets Property, plant and equipment (notes 1-3) Less accumulated depreciation Property, plant and equipment, net Patents, net (note 4). Total Assets Liabilities Current liabilities: Accounts payable Interest payable Dividends payable Current portion of long-term debt Total current liabilities Long-term debt Total Liabilities MBA Food Industries, Inc. Stockholders' Equity Common stock at par value ($5 par value per share, note 5) Additional paid-in capital Retained earnings (note 6) Total stock holders' equity Total Liabilities and Stockholders' Equity $ 68 $ 17 6 24 115 251 $ 366 $ 28 7 4 15 54 150 204 85 245 11 341 $ 707 $ 50 120 27 197 401 2015 $1,048 Net Sales Costs and expenses: Cost of sales Selling, general and administrative Total operating expenses Operating income Interest expense Insurance expense Loss on sale of facilities (note 2) Income before provision for income taxes Provision for income taxes Net Income 504 130 634 414 59 315 7 33 12 $21