Statement of Cash Flows 195 balance sheets and income statement are available for ent of cash flows for 2016 using the indirect method and 11- Ado The following comparative bal die Mae Inc. Prepare a statement of analyze the statement, December 31, 2016 2015 $1,000 600 4,300 $5,900 $2,300 Cash Accounts receivable (net) Inventory Total Current Assets Plant and equipment Less accumulated depreciation Plant and equipment (net) Long-term investments Total Assets Accounts payable Accrued liabilities Income taxes payable Triste $ 3,300 1.100 11,200 $15,600 $ 3,000 (1,300) $ 1,700 1,200 $18,500 $ 3,300 700 400 $ 4,400 200 $ 4,600 9,900 4,000 $18,500 (800) $1,500 900 $ 8,300 $ 2,500 600 100 $ 3,200 $ 3,200 Total Current Liabilities Long-term debt Total Liabilities Common stock ($1 par) and additional paid-in capital Retained earnings Total Liabilities and Equity om (2,200) $ 8,300 Income Statement for 2016 Sales Cost of goods sold Gross profit Selling and administrative Depreciation Operating profit $94,000 55,000 $39,000 Stoch de $28,800 500 msidor Interest expense Earnings before tax 29,300 $9,700 100 9,600 3,400 $ 6,200 Tax expense Net income