Please also analyze the statement after solving it.

CHAPTER 4 Statement of Cash Flows 211 4.11. The following comparative balance sheets and income statement are available for AddieMae Inc. Prepare a statement of cash flows for 2016 using the indirect method and analyze the statement December 31, 2016 2015 Cash Accounts receivable (net) Inventory Total Current Assets Plant and equipment Less accumulated depreciation Plant and equipment (net) Long-term investments Total Assets Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities Long-term debt Total Liabilities Common stock ($1 par) and additional paid-in capital Retained earnings Total Liabilities and Equity $ 3,300 1,100 11,200 $15,600 $ 3,000 (1,300) $ 1,700 1,200 $18,500 $ 3,300 700 400 $ 4,400 200 $ 4,600 9,900 4,000 $18,500 $1,000 600 4,300 $ 5,900 $ 2,300 (800) $ 1,500 900 $ 8,300 $ 2,500 600 100 $3,200 0 $3,200 7,300 (2,200) $ 8,300 Income Statement for 2016 $94,000 55,000 $39,000 $ 28,800 500 Sales Cost of goods sold Gross profit Selling and administrative Depreciation Operating profit Interest expense Earnings before tax Tax expense Net income 29,300 $ 9,700 100 $ 9,600 3,400 $ 6,200