Question 2 [30 points] Oppong Corporation's balance sheet and income statement are as follows Oppong Corporation Oppong Corporation Comparative Balance Sheet Information Income Statement December 31 For the Year Ended December 31, 2015 Assets 2015 2014 Sales $1,372.000 Cash 5119.000 580.000 Cost of goods sold 810.000 Accounts receivable 58.000 52.000 Gross pront 562.000 Merchandise inventory 399.000 350.000 Operating expenses Equipment 226 000 199.000 Depreciation expense 34.000 Accumulated depreciation (100.000) (65.000) Other expenses 339,000 Total assets 5702.000 $615,000 Total operating expenses 373.000 Liabilities and Equity Income from operations 189.000 Accounts payable $42.000 $61 000 Income taxes 26.000 Income taxes payable 20 000 18.000 Net income $163 000 Share capital 525.000 400.000 Retained earings 115.000 53.000 Total abilities and equity $702.000 $615.000 Additional information regarding Oppong Corporation's activities during 2015 a Equipment is purchased for $27.000 cash b. 15,000 common shares are issued for cash at $3 per share Prepare a statement of cash flows for 2015 Use the indirect method to report cash inflows and outflows for the operating activities section select one) Statement of Cash Flows (select one)