Statement of Cash Flows (Indirect Method) The Rural Company's income statement and comparative balance sheets as of December 31 of 2016 and 2015 are shown below. RURAL COMPANY Income Statement For the Year Ended December 31, 2016 645,000 Cost of Goods Sold $376,000 Wags Expense Depredlation Expense 22,000 Rent Expense Income TaxExpense 31,000 564000 107,000 RURAL COMPANY Dec. 31, 2016 Dec. 31, 2015 41,000 $33,000 Accounts Reccivablc 42000 116,000 Prepaid Rent 4,000 420,000 127,000) 542.000 $414,000 300,000 Llabilities and Stocilholders' Equity Accounts Payable Wagrs Payable Income Tax Payable Common Stock Paid-In-Capital in Excess of Par Value Retained Eamings Total Lisbilities and Stockholders Equity 29,00017,000 7,000 8,000 252,000 4,000 ,000 295,000 25.000 72,000 $414,000 Cash dividends of $28,000 were declared and paid during 2016. Plant assets were purchased for cash and additional common stock was issued for cash. Accournts payable relate to merchandise purchases. a. Caculate the change in cash that occurred during 2016. b. Prepare a siatement of cash flows using the indirect method C. Compute free cash flaw. d. Compute the oper e. Compute the operating-cash-flaws-to-capital-expenditures ratio. Round to two decimal points ratio. Round to two decimal points a. Change in Cash during 2016 b. Use a negative sign with cash outflow answers