Samuel Corp. has provided the following information for the year ended December 31, 2015.

Samuel Corp

Comparative Balance Sheet

December 31, 2015 and 2014

Increase /

2015 2014 (Decrease)

Current Assets:

Cash $33,000 $13,000 $20,000

Accounts Receivable 29,000 36,000 (7,000)

Inventory 56,000 29,000 27,000

Plants Assets, net 126,000 92,000 34,000

Total Assets $244,000 $170,000 $74,000

Accounts Payable $9,000 $13,000 $(4,000)

Accrued Liabilities 7,000 3,000 4,000

Long-term Notes Payable 70,000 79,000 (9,000)

Total Liabilities $86,000 $95,000 $(9,000)

Common Stock $55,000 $3,000 $52,000

Retained Earnings 115,000 78,000 37,000

Treasury Stock (12,000) (6,000) (6,000)

Total Stockholders' Equity $158,000 $75,000 $83,000

Total Liabilities and Stockholders' Equity $244,000 $170,000 $74,000

Samuel Corp

Income Statement

Year ended December 31, 2015

Sales Revenue $291,300

Interest Revenue 1,000

Gain on Sale of Plant Assets 6,000

Total Revenues and Gains $298,300

Cost of Goods Sold 145,000

Salaries and Wages Expense 49,000

Depreciation ExpensePlant Assets 16,000

Other Operating Expense 25,000

Interest Expense 3,500

Income Tax Expense 7,800

Total expenses 246,300

Net Income $52,000

Additional information provided by the company includes the following:

Equipment costing $60,000 was purchased for cash.

Equipment with a net asset value of $10,000 was sold for $16,000.

Depreciation Expense of $16,000 was recorded during the year.

During 2014, the company repaid $43,000 of Long-Term Notes Payable.

During 2014, the company borrowed $34,000 on a new Long-Term Note Payable

There were no stock retirements during the year.

There were no sales of treasury stock during the year.

All sales are on credit.

Prepare a complete statement of cash flows using the indirect method.