Question B2 The data below are taken from the financial statements of Super Beauty Company: Income Statement: 2016 Profit Depreciation expense Amortization of copyright Gain on sale of equipment $370,050 36,000 13,000 14,600 Statement of Financial Position: 31 Dec 2016 31 Dec 2015 Cash Accounts receivable Inventory Prepaid expenses Accounts payable Accrued expense payable $587,450 340,000 250,000 42,000 375,000 37,500 $134,500 205,000 230,000 70,000 350,000 32,000 Additional Information: (1) (2) Paid dividend of $90,000 on the ordinary shares. Sold an old equipment for cash at $285,000. Purchased a new equipment for cash at $320,000. Issued ordinary shares for $150,000 cash. Borrowed a loan from bank for the amount of $120,000. Required: Prepare the statement of cash flows for the year ended 31 December 2016 for Super Beauty Company using the indirect method. Place parentheses around those dollar amounts representing cash outlays. (10 marks)