The following comparative balance sheets and income statement are available for AddieMae Inc. Prepare a statement of cash flows for 2016 using the indirect method and analyze the statement.

TER4 The following comparative balance sheets and income Statement of Cash Flows 195 statement are available for re a statement of cash flows for 2016 using the indirect method and analyze the statement. December 31, 2016 Cash Accounts receivable (net) Inventory 2015 Total Current Assets Plant and equipment Less accumulated depreciation Plant and equipment (net) Long-term investments 3,300 1,100 11,200 $15,600 $3,000 $1,000 600 4,300 $ 5,900 2,300 (1,300) (800) $ 1,700 1,200 $ 1,500 Total Assets Accounts payable Accrued liabilities Income taxes payable $18,500 $ 3,300 700 $ 2,500 100 Total Current Liabilities $ 4,400 200 S 4,600 $ 3,200 $ 3,200 2.200 Long-term debt Total Liabilities Common stock ($1 par) and additional paid-in capital Retained earnings 9900 7.00 4,000 $18,500 8.300 Total Liabilities and Equity Income Statement for 2016 94,000 55,000 $39,000 Sales Cost of goods sold Gross profit Selling and administrative Depreciation $ 28,800 29,300 s 9,700 100 $ 9,600 3,400 200 Operating profit Interest expense Earmings before tax Tax expense Net income