Question 23 (23 points) Prepare Statement of Cash Flow of Apple Valley Co. for the year ended December 31, 2016 using the following information: Balance Sheet Accounts 2016 2015 Cash $4,000 $14,000 Accounts receivable 25,000 32,500 Prepaid insurance 5,000 7,000 Inventory 37,000 34,000 Computers 316,000 270,000 Accumulated depreciation computers (45,000) (30,000) Total Assets 342,000 327,500 Accounts payable 18,000 16,000 Salaries payable 3,500 7,000 Unearned revenue Bonds payable Common stock 500 173,000 160,000 88,000 84,000 Retained earnings Total Liabilities and Equity 59,000 60,500 342,000 327,500 Income Statement Accounts Sales Cost of goods sold Depreciation expense Insurance expense Wages expense Net income Some transactions during 2016: .The company declared and paid dividends for $2,500. 2016 200,000 123,000 15,000 11,000 50,000 1,000 The Chief Operating Officer decided to purchase additional computers of $46,000 for the office. Note: Please include statement headings (hint: Company name, statement name, date). You will be graded on correct placement of items, not on the prettiness of yo statements.