Following is a preparation of a cash flow statement based on the balance sheet, income statement, and additional transaction information provided. Prepare the cash flow statement.

Balance Sheet as of December 31, 2016
31/12/15 31/12/16 Difference

Assets

Current assets:

Cash 15,000 46,000 31,000 Increase

Accounts receivable 55,000 47,000 -8,000 Decrease

Inventory 110,000 144,000 34,000 Increase

Prepaid expense 5,000 1,000 -4,000 Decrease

Total current assets 185,000 238,000 53,000

Financial investments 127,000 115,000 -12,000 Decrease

Fixed assets 505,000 715,000 210,000 Increase

Accumulated Depreciation -68,000 -103,000 -35,000 Increase

Total fixed assets 437,000 612,000 175,000

Total assets 749,000 965,000 216,000

Liabilities Current liabilities:

Accounts payable 43,000 50,000 7,000 Increase

Accrued liabilities 9,000 12,000 3,000 Increase

Taxes payable 5,000 3,000 -2,000 Decrease

Total current liabilities 57,000 65,000 8,000

Long-term liabilities:

Bonds payable 245,000 295,000 50,000 Increase

Total liabilities 302,000 360,000 58,000

Equity :

Ordinary shares,5 euro par value 200,000 276,000 76,000 Increase

Paid in capital in excess of par value 115,000 189,000 74,000 Increase

Retained earnings 132,000 140,000 8,000 Increase

Total equity 447,000 60,500 158,000

Total liabilities and equity 749,000 965,000 216,000

Income Statement for the year ended December 31,2016

Net sales 698,000

Cost of goods sold 520,000

Gross margin 178,000

Operation expenses

(including depreciation of fixed assets 37,000) 147,000

Profit from ordinary activities 31,000

Other income and expenses from non-operating activities:

Interest expense 23,000

Interest income 6,000

Gain on sale of securities 12,000

Loss on sale of fixed assets 3,000

Total other income and expenses (8,000)

Profit before taxes 23,000

Income taxes 7,000

Net profit 16,000

The following other transactions, which are not related to operating activities, occurred during the reporting period:

1. Purchased securities for a total amount of 78,000.

2. Sold securities for 102,000. Book value for those securities was 90,000.

3. Purchased fixed assets in the amount of 120,000.

4. Sold fixed assets for 5,000. Original cost was 10,000, accumulated depreciation totaled 2,000.

5. Issued 100,000 of bonds in a non-cash exchange for fixed assets.

6. Repaid 50,000 of bonds at maturity.

7. Issued 15,200 shares of 5 par value common shares for 150,000.

8. Paid dividends in the amount of 8,000