Problem 4 Complete the 2016 Statement of Cash Flow for ABC Co. base on the company's balance sheets as of the end of 2015 and 2016 and its 2016 statements of income and retained earnings ABC Co. Balance Sheet ($000) ABC Co. Income Statement $(000 2015 2016 2016 Assets Current Assets Cash Revenue Allowance for Bad Debt Net Revenue $4,223 $27 $4,196 S0 SO $877 Receivables $642 Short Term Investments S0 S0 $589 $54 $1,520 Cost of Goods Sold Contribution Margin Contribution Margin, % $2,695 $1,501 35.5% Inventory $408 Prepaid Expenses$61 Fixed Assets Land, Bld & Equip Less Aco Sales, General, and Administrative Expense All Items except Depreciation Depreciation $719 $620 @Cost $4,500$6,200 $1,520 $4,680 Operating Income Other Income Net Income $3,600 -$24 $138 Long Ternm Investment Goodwill S0 SO S0 S0 Total Assets $4,711 $6,200 ABC Co. Statement of Retained Earnings Retained Earnings at Start of Year Plus Net Income for This Year Less Dividend Paid This Year $482 $138 $38 $582 Liabilities abilitie Short Term Credit Line $192 Accounts Payable$292 Accrued Expenses $44 Taxes Payable $21 Cur Por Of L T Debt $40 S589 S609 S387 $67 $15 $60 $1,138 Repayable Grants S0 Long Term Deb S340 SO S480 Shareholde ul Capital Shares $3,300$4,000 S582 Retained Earnings $482 Total Liab. & Equit $4,711 $6,200 ABC Co. Statement of Cash Flow $(000) 2016 Operating Activities Net Earning for the Year Depreciation Changes in Non-Cash Working Capital Subtotal Investing Activities Additions to Fixed Assets Additions to Goodwill and Intangibles Subtotal Financing Activities Dividends Net New Long Term Borrowings Net New Capital Shares subtotal Funds Flow Cash on hand, start of year Cash on hand, end of year Change in Cash Position