Obermeyer Corporation issued the following statement of cash flows for 2015. OBERMEYER CORPORATION Statement of Cash Hows-Indirect Method For the Year Ended December 31, 2015 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: S58,940 Depreciation expense Loss on disposal of equipment Increase in inventory Decrease in accounts receivable Decrease in accounts payable $9,180 9,390 (5,160) 3,530 (2,090) 14,850 Net cash provided by operating activities 73,790 Cash flows from investing activities Sale of investments Purchase of equipment 2,860 (27,620) Net cash used by investing activities (24,760) Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends 18,270 (12,380) 14.430) Net cash used by financing activities (8,540) 40,490 Net increase in cash Cash at beginning of year Cash at end of year