Question (7): Scheeler Company has the following comparative balance sheet data available: 12/31/2015 12/31/2014 ash ccounts Receivable, net nventory Prepaid Rent $30,000 160,000 100,000 20,000 $310,00 $400,00 (60,000 $80,000 100,000 70,000 $260,000 $200,000 otal Current Assets upment (50,000 41 ccumulated Depreciation Total Assets $50,00 40,00 S40,000 40,000 ccounts Payable Salaries Payable Bonds Payable 50 300,00 50,00 100,000 Common Stock, $10 par Additional Paid-in Capital Retained Earnings Total Liabilities & Stockholders' Equity $650,000 $410,000 Additional information: 1. The company reports net income of $100,000 and Depreciation Expense of S20,000 for the year ending December 31, 2015. 2. Dividends declared and paid in 2015, $70,000. 3. Equipment with a cost of $20,000, with Accumulated Depreciation of S10,000 was sold for $3,000. 4. New equipment was purchased for cash. Using the indirect method, prepare the statement of cash flows for the year ending December 31, 2015