Question (7): Scheeler Company has the following comparative balance sheet data available: ash Accounts Receivable, net Inventory Prepaid Rent Total Current Assets Equipment Accumulated D Total Assets 12/31/201512/31/201 S30,000 $80,00 160,000 100,00 70,00 0,000 10,00 S310,000 $260,00 $400,000 200,00 60.000 (50,000 650.000 $410,00 100,00 ciation Accounts Payable Salaries Payable Bonds Payable S50,000 $40,00 40,00 50,00 300,000100,00 40,00 mmon Stock, S10 pan 50,00 210,000 180,00 Additional Paid-in Capital Retained Earnin Total Liabilities & Stockholders' Equity 650,000 $410,00 Additional information: 1. The company reports net income of $100,000 and Depreciation Expense of $20,000 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 $10,000 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