Solpoder Corporation has the following comparative financial statements:

Solpoder Corporation

Comparative Balance Sheets

At December 31, 2015 and 2016

1		2015	2016
2	Assets:
3	Cash	$49,500.00	$81,000.00
4	Accounts receivable, net	135,000.00	108,000.00
5	Inventory	27,000.00	54,000.00
6	Plant and equipment	180,000.00	180,000.00
7	Accumulated depreciation	(36,000.00)	(45,000.00)
8	Total assets	$355,500.00	$378,000.00
9	Liabilities and equity:
10	Accounts payable	$57,600.00	$18,000.00
11	Common stock	190,800.00	207,000.00
12	Retained earnings	107,100.00	153,000.00
13	Total liabilities and equity	$355,500.00	$378,000.00

Solpoder Corporation

Income Statement

For the Year ended December 31, 2016

1	Sales	$297,000.00
2	Less: Cost of goods sold	(175,500.00)
3	Gross margin	$121,500.00
4	Less: Operating expenses	(58,500.00)
5	Net income	$63,000.00

Dividends of $17,100 were paid. No equipment was purchased or retired during the current year.

Required:

Prepare a statement of cash flows using the indirect method.

Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows.

Amount Descriptions
Decrease in accounts payable
Decrease in accounts receivable
Decrease in inventory
Depreciation expense
Increase in accounts payable
Increase in accounts receivable
Increase in inventory
Increase in retained earnings
Net cash from financing activities
Net cash from investing activities
Net cash from operating activities
Net decrease in cash
Net income
Net increase in cash
Payment of dividends
Purchase of common stock
Receipt of dividends
Sale of common stock
Sale of equipment

Prepare a statement of cash flows using the indirect method. (Note: Use a minus sign to indicate any decreases in cash or cash outflows. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.)

Solpoder Corporation

Statement of Cash Flows

For the Year ended December 31, 2016

1	Cash flows from operating activities
2
3	Add (deduct) adjusting items
4
5
6
7
8
9	Cash flows from financing activities
10
11
12
13