Produce the Statement of Cash Flows using the information provided below: Accounts	12/31/15	3/31/16
Cash	$25,300	$79,400
Short-Term Investments Available for Sale Securities	$17,500	$8,300
Fair Market Value Adjustment Trading Securities	$(1,000)	$(900)
Accounts Receivable	$24,320	$49,320
Inventory	$31,090	$48,590
Total Current Assets	$97,210	$184,710
Land	$40,000	$18,700
Building	$250,000	$250,000
Equipment	$-	$81,500
Accumulated Depreciation	$(15,000)	$(16,250)
Equity Investment (30% Ownership of Richland Company)	$61,220	$67,100
Other Assets	$15,100	$15,100
Total Assets	$448,530	$600,860
Accounts Payable	$21,220	$38,417
Income taxes payable	$-	$13,529
Total Current Liabilities	$21,220	$51,946
Bonds Payable	$50,000	$115,000
Discount on Bonds Payable	$(2,300)	$(2,150)
Deferred Taxes Payable	$510	$846
Preferred Stock	$30,000	$-
Common Stock	$80,000	$110,000
Unrealized Holding Gain/Loss on Available for Sale Securities	$(1,000)	$(900)
Dividends Declared	$-	$(8,000)
Retained Earnings	$83,100	$147,118
Other liabilities	$187,000	$187,000
Totals	$448,530	$600,860
Income Statement Data for the three months ending March 31, 2016
Account	3/31/16
Net Sales Revenue	$242,807
Gain on Sale of Available for Sale Securities	$2,400
Equity Earnings from XYZ Company (30% Ownership)	$5,880
Gain on Condemnation of Land	$8,560
Total Revenues	$259,647
Cost of Sales (Cost of Goods Sold)	$157,354
General and Administrative Expenses	$22,010
Depreciation Expense	$1,250
Interest Expense	$1,150
Income Tax Expense	$13,865
Total Expenses	$195,629
Net Income	$64,018
Additional Information below:
On January 2, 2016, ABC Company sold available for sale securities for cash. The costs of the marketable investment securities were $9,200. These particular securities had a fair market value of $8,600 on December 31, 2015. The remaining available for sale securities were adjusted to their fair value totaling $7,400 on March 31, 2016. The dividend and interest revenue on these marketable available for sale securities are not material.
ABC Company preferred stock was converted to common stock at a rate of one share of preferred for two shares of common stock. The preferred stock and common stock has a par value of $2 and $1, respectively.
Also on March 16, 2016, there were three acres of land were condemned by the City of DEF. ABC Company received an insurance settlement for this particular land in the amount of $29,860.
ABC Company purchased equipment on March 25, 2016 for cash.
ABC Company issued bonds at par value for cash on March 27, 2016.
XYZ Company had overall revenues of $98,600 from January 1, 2016 to March 31, 2016.
XYZ Company had overall expenditures of $79,000 from January 1, 2016 to March 31, 2016.