Problem 3 (20 Points) Condensed financial dats of Raiders Corp. for 2016 and 2015 are presented below RAIDERS CORP AS OF DECEMBER 33 015 5 600 800 Receivables Inventory 1,600 1,600 2,100 1,200 1,200 Accounting payable Accrued liabilities Bonds payable Capital stock Retained earnings s 750 330 1,200 1,500 ,270 1,000 1,400 725 RAIDERS CORP INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2016 Sales Cost of goods sold Gross margin Selling and administrative expense Income from operations $15,200 10,400 4,800 1,205 3,595 Other revenues and gains Loss on sale of investments Income before income tax Income tax expense Net income Cash dividends 50 3,545 1,400 2,145 600 Income retained in business $1.545 Additional information: During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in 2014. Instructions Prepare a statement of cash flows using the indirect method