the following information pertains to the Antle , Inc. entity fir year ended December 31,1996

The following information pertains to the Antle, Inc. entity for (iscal) yca December 31, 1996. Based upon the information of Net Cash Flow for Antle, Inc. for the to the Antle, Inc. entity for (fiscal) year ended on provided, please present the Statement ycar ended December 31, 1996. Net Income for the year ws $ 26,000 Depreciation Expense for the year was $ 21,000 A/R decreased by $ 5,000 during the year Merchandise Inventory increased by $ 29,000 during the year Short-Term Notes Payable showed a net increase of S 11,000 for the year A/P showed a net increase of $ 4,000 for the year Other Short-Term Debt showed a net payoff of $ 7,000 for the year A cash purchase of land was made for $52,000 Cash proceeds from the sale of a building totaled $ 65,000 The firm received a $ 5,000 long term Joan from lenders The firm sold Common Stock which generated $ 7,000 in cash from investors The firm paid $ 42,000 in Common Stock Dividends for the year