The Balance Sheet of Carl's Custom Hot Rods, Inc. as of December 31,2015 is presented below: ASSETS Cas Accounts Receivable Inventory Building. Equipment Accumulated Depreciation-Building Accumulated Depreciation-Equipmen Paten $ 146,230 64,205 210,000 664,000 353,175 (165,300) (25,605) Total Assets $1,259,605 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Accrued Liabilities Notes Payable (due in 3 years) Common Stoc Retained Earnin $28,907 6,300 250,000 600,000 374 398 Total Liabilities and Stockholders' Equity Information pertaining to the 2016 year is as follows: a. Net Income was $323,547 b. Depreciation expense on the building was $21,oo0 c. Depreciation expense on equipment was $3,210 d. Patent amortization was $2,350 e. Accounts Receivable increased by $23,155 f. Accounts Payable decreased by $2,905 g. Accrued liabilities increased by $1,365 h. Equipment costing $41,000 with accumulated depreciation of $28,500 was sold for $15,000 i. An additional long-term loan was taken out in the amount of $55,000 due in 4 years j. The building had an addition completed at a cost of $45,000 k. Land was purchased for a "future" use in the amount of $65,000 . Dividends were declared November 1s and paid on December 15th totaling $7,000 m. Inventory decreased by $29,750 Required: Prepare a Statement of Cash Flows for the Year Ended December 31, 2016, and "classified" Balance Sheet as of December 31, 2016