Practice Problem: Statement of Cash Flows The Sainfield, Co. has just ended the 2012 production year. The balance sheet and income statement are presented below. Two of the four key financial statements remain to be prepared for the stockholders' report. Balance Sheet Sainfield, Co. December 31, 2014 and 2015 Assets 1,000 500 Cash 4,500 5,000 Accounts receivable 6,000 7,000 Inventory $15,000 $20,000 Gross fixed assets 9,000 Accumulated depreciation 0,00 6,000 10,000 Net fixed assets Total assets Liabilities and stockholders' equity 1,500 2,000 Accounts payable 3,000 2,500 Notes payable 500 500 Accruals 6,000 10,000 Long-term debt 500 500 Common stock at par 5,500 5,500 Paid-in capital i excess of par 00 Retained earnings Total liabilities and stockholders' equity