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The 2015 and 2016 comparative balance sheets for Patrick Railways are presented below. In addition the following facts are known: 1. Net Income for 2014

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The 2015 and 2016 comparative balance sheets for Patrick Railways are presented below. In addition the following facts are known: 1. Net Income for 2014 was $1,500. 2. Equipment costing $1,000 and having a carrying amount of $320 was sold in 2016 for $360. 3. A long-term investment was sold in 2016 for $320. There were no other transactions affecting long-term investments in 2016. 4. Short-term investments are shares of Patrick Computers they purchased in 2016. Prepare the Statement of Cash Flows-you must use the indirect method for operating activities

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