The following are the Balance Sheets for the Florence Company at December 31, 2015 and 2016. Based on these and the other data following them, prepare a 2016 Cash Flow Statement in the proper form for the Florence Company. Be sure to include all correct headings and totals.

Assets:	2015	2016
Current assets:
Cash	165,000	210,000
Account receivable, net	320,000	370,000
Inventories	410,000	380,000
Total current assets	895,000	960,000
Equipment, net	520,000	580,000
Total Assets	1,415,000	1,540,000
Liabilities and Stockholders equity:
Current liabilities:
Accounts payable	345,000	280,000
Accrued Expenses	110,000	135,000
Total Current liabilities	455,000	415,000
Long-term debt	620,000	710,000
Total liabilities	1,075,000	1,125,000
Stockholders Equity:
Common stock	20,000	25,000
Addl Paid in Capital	80,000	100,000
Retained Earnings	290,000	375,000
	390,000	500,000
Less, Treasury stock	-50,000	-85,000
Total equity	340,000	415,000
Total liabilities and stockholders equity	1,415,000	1,540,000

Additional data for 2016:

1. Net Income was 115,000
2. Dividends paid were 30,000
3. Equipment purchases totaled 120,000
4. Sold equipment with a net book value of 20,000 for 35,000
5. Depreciation totaled 40,000
6. Sold 5,000 shares of common stock for $5 per share
7. Purchased 7,000 shares of treasury stock for $5 per share
8. Borrowed 150,000 under a new long term loan and repaid 25,000 on it before year-end.
9. Repaid 35,000 on another long term loan
10. Florence paid 40,000 in income taxes and 50,000 in interest
11. The allowance for bad debts was 20,000 on December 31, 2015; and 30,000 on December 31, 2016. Bad debt expense was 15,000 and write-offs were 5,000 for 2016.