Statement of Cash Flows Shown below is selected information from the financial records of Mantle Corporation as of December 31 nventory. . . . . . . . . . . . . . . . . . . . . . . $165,000Cash purchase of equipment. . . . . . . . . . . . . . . . . . .$ 29,000Cash collected from customers. . . . . 350,000Buildings, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .810,000Equipment, net. . . . . . . . . . . . . . . . . . 355,000Sales revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .910,000Retained earnings . . . . . . . . . . . . . . . 480,000Cash paid for operating activities. . . . . . . . . . . . . . . .205,000Cash dividends paid. . . . . . . . . . . . . . 38,000Principal payments on existing note payable. . . . . . .41,000Salary expense. . . . . . . . . . . . . . . . . . 215,000Common stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .529,00 Required. Determine which of the above items will appear on the statement of cash flows and then prepare the statement for Mantle Corporation for the year ended December 31, 2016.b. Comment on the adequacy of Mantles operations to provide cash for its investing and financing activities