Take me to the text A simplified balance sheet for Planet Inc. contain the following amounts at the end of 2015 and 2016. Planet Inc. Balance Sheet As at August 31 2016 2015 Assets Current Assets Cash $-20,900 $9,300 Accounts Receivable $19,300 $9,600 Prepaid Expenses $2,700 $1,400 Inventory $34,600 $11,800 Total Current Assets $35,700 $32,100 Long-Term Assets Equipment $180,000 $165,000 Less: Accumulated Depreciation $-29,900 $-20,300 Total Long-Term Assets $150,100 $144,700 Total Assets $185,800 $176,800 Liabilities Current Liabilities Non-Current Liabilities Total Liabilities $23,400 $23,400 $24,000 $45,000 $47,400 $68,400 Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity Total Liabilities and Equity $66,000 $58,000 $72,400 $50,400 $138,400 $108,400 $185,800 $176,800 Assume current liabilities include only items from operations (e.g., accounts payable, tax payable). Non- current liabilities include items from financing (e.g. bonds and other non-current liabilities). Note that there was no sale of equipment throughout the year. Prepare the cash flow statement for 2016 using the indirect method. Assume no dividends were declared or paid in 2016 Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash Planet Inc. Cash Flow Statement For the Year Ended August 31, 2016 Cash Flow from Operations Net Income Add: Depreciation Expense Change in Current Assets and Current Liabilities Increase in Accounts Receivable Increase in Prepaid Expenses Increase in Inventory Change in Cash Due to Operations Cash Flow from Investing Activities Purchase of Equipment Change in Cash Due to Investint Activities Cash Flow from Financing Activities Issuance of Common Shares Repayment of Non-Current Liabilities Change in Cash Due to Financing Activities Net Increase (Decrease) in Cash Cash at the Beginning of the Year Cash at the End of the Year Check