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Stephanie Ram Corporation's Income Statement for the year ended March 31, 2016, and its Comparative Balance Sheets as of March 31,2016 and 2015 are as

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Stephanie Ram Corporation's Income Statement for the year ended March 31, 2016, and its Comparative Balance Sheets as of March 31,2016 and 2015 are as follows: \begin{tabular}{lrrr} \multicolumn{1}{c}{ Interest expense } & & (15,000) \\ \cline { 2 - 2 } Income before income taxes & & $31,600 \\ Income taxes expense & & 3,600 \\ Net income & & $28,000 \\ \hline \end{tabular} Liabilities and Stockholders' Equity. \begin{tabular}{lrr} \multicolumn{2}{c}{ Liabilities and Stockholders' Equity. } \\ & \\ Accounts payable & $115,000 & $178,000 \\ Income taxes payable & 7,100 & 4,100 \\ Notes payable (long-term) & 50,000 & 28,000 \\ Bonds payable & 112,000 & 220,000 \\ Common stock, $10 par value & 234,000 & 190,000 \\ Additional paid-in capital & 183,440 & 119,440 \\ Retained earnings & 102,460 & 78,460 \\ Total Liabilities and Stockholders' Equity & $804,000 & $818,000 \\ \hline \end{tabular} During 2016, Stephanie Ram Corporation engaged in the below transactions: 1) Sold at a gain of $7,000, equipment that cost $35,200, on which it had accumulated depreciation of $26,800. 2) Paid a $22,000 notes payable. 3) Purchased equipment in the amount of $39,200. 4) Converted bonds payable in the amount of $108,000 into 4,400 shares of common stock. 5) Borrowed $44,000 by signing a note. 6) Declared and paid $4,000 in cash dividends. Using the indirect method, prepare a statement of cash flows for Stephanie Ram Corporation. Include a supporting schedule of noncash investing and financing transactions. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000). Do not use dollar signs (\$) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.)

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