Using the chart above calculate :

- statement of cash flow

- earning per share (EPS)

REVIEW PROBLEM-CLASS 1 REVIEW OF FINANCIAL STATEMENTS THE FOLLOWING IS THE CHART OF ACCOUNTS FOR MICRODRIVE, INC. AT DEC. 31, 2016 AND 2015 2015 2016 387,000 625,000 1,375,000 ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ACCRUED LIABILITIES ACCUMULATED DEPRECIATION 700,000 ,000) (1,375,000 960,000 (100,000) 150,000 960,000 (125,000) 200,000 40,000 70,000 9,500,000 500,000 380,000 300,000 3,700,000 3,399,000 95,000 12,500,000 1,275,000 750,000 200,000 9,000 ADDITIONAL PAID-IN CAPITAL ALLOWANCE FOR BAD DEBTS CASH AND EQUIVALENTS COMMON STOCK (S2 PAR, 20,000 SH. o/s) COMMON STOCK DIVIDENDS 40,000 60,000 COST OF GOODS SOLD DEPRECIATION EXPENSE INCOME TAX EXPENSE 9,100,000 425,000 370,000 275,000 NTEREST EXPENSE INVENTORY LONG-TERM DEBT 3,212,000 2,500,000 LONG-TERM INVESTMENTS 105,000 NET SALES 11,900,000 NOTES PAYABLE 375,000 700,000 200,000 PAYROLL EXPENSE PREFERRED STOCK ($100 PAR, 2,000 SH.O/s PREFERRED STOCK DIVIDENDS 9,000 PREPAID EXPENSES PROPERTY, PLANT, AND EQUIPMENT RETAINED EARNINGS 50,000 6,625,000 2,871,000 500,000 38,000 4,375,000 2,380,000 475,000 SELLING AND ADMINISTRATIVE EXPENSES SHORT-TERM INVESTMENTS 75,000 87,000 REQUIRED: USING THE CHART OF ACCOUNTS ABOVE PREPARE THE FOLLOWING STATEMENTS FOR THE YEARS ENDED DEC. 31, 2016 AND 2015