Take Home Problem #1 - Acctg 202 Due at the Beginning of Class on Monday, 10/05 PARTA Spike Corp balance sheet is below with the management narrative: Cash Comparative Balance Sheet - Spike Assets 12/31/2015 12/31/2016 $ 65 $ 47 Accounts Receivable $ 35 $ 40 Inventory $ 43 $ 33 PP&E $ 500 $ 587 Accum Depr $ (340) $ (360) Total Assets $ 303 $ 347 Net Income for the period was 580. The company sold equipment for $20 that was originally purchased for $30. The sold asset had accumulated depreciation of $30 The company paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock. 30 26 20 40 Liabilities & Equity Accounts Payable Accrued Liabilities Income Tax Payable Bonds Payable Common Stock Retained Earnings Total Liabilities & Equity $ $ $ $ $ $ $ $ $ $ $ $ $ $ 15 36 160 50 12 303 120 62 79 347 Required: Construct, in good form, the company's Statement of Cash Flows for the period, using the indirect method. (15pts) PART ON REVER