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The following information is taken from Rick Corporation's financial statements: December 31 2015 2014 Cash $ 82,000 $ 27,000 Accounts receivable 90,500 76,900 Inventory 145,000

The following information is taken from Rick Corporation's financial statements:

December 31 2015 2014

Cash $ 82,000 $ 27,000

Accounts receivable 90,500 76,900

Inventory 145,000 175,000

Prepaid expenses 7,500 6,800

Land 93,000 60,000

Buildings 287,000 244,000

Accumulated depreciation - building (35,000) (13,000)

Equipment under finance lease 100,000 0

Patents, net of accumulated amortization 20,000 35,000

Total $790,000 $611,700

Accounts payable $ 90,000 $ 84,000

Accrued pension liability 54,000 63,000

Finance lease obligation 90,000 0

Bonds payable 125,000 60,000

Common shares 100,000 100,000

Retained earnings 346,000 312,700

Treasury shares, at cost (15,000) (8,000)

$790,000 $611,700

Additional Information For 2015 Year

Net income $53,300

Depreciation expense $22,000

Pension expense $15,000

Amortization of patents $7,000

Cash dividends declared and paid $20,000

Proceeds from sale of patents $8,000

Equipment finance lease payment $10,000

Required: Prepare a statement of cash flows (indirect method) for Rick Corporation for the year 2015.

(Pdta: This was a question I failed in my last quiz and I want to check my answer. If it is not enough information, could you tel me what is missing in order to check with my professor? He did not give us the answers. Thank you.

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