Using the financial statement, complete a cash flow using the direct and indirect mehtods. (Note: The 2015 COGS and SG&A include $8 of depreciation, and the company spent $10 on purchases of PP&E).

XYZ, Inc. Balance sheets Dec 31, Dec 31, 2015 2014 Change Cash 82 70 12 Accounts receivable 60 65 (5) 95 62 33 inventory Total current assets 23 197 .40. Property, plant and equipment Gross 199 210 110 Less: Accumulated dep Property, plant and equipment, m Total Assets 403 377 26 36 50 Accounts payable 14) Short-term loans 20 20) Dividends payable 17 10 ncome taxes payable 40 Total current liabilities 93 122 29) Long-term loans 100 100. Stockholders' Equity Capital stock 85 Retained e 25 70 55. arnings Total stockholders' equity 210 155 55. Total Liabilities and Owners' Equity 403 377 26 XYZ Inc. ncome statement for the year ended December 31, 2015 Sales 1,200 Cost of goods sold Gross Margin 700 SG&A expense 547 ncome From operations 153 Interest expense, net 40 Loss on sale of PP&E ncome before Tax 110 Tax expense 38 Ne come after Tax 72 Cash flow templates You can use the following templates for working on the assignment. Line Amount Cash from operating activities Net income Depreciation Loss on sale of property, plant and equipment Changes in operating assets and liabilities Change in A/R Change in Inventory Change in A/P Change in Income tax payable Net cash from operating activities Cash from investing activities: Purchases of property, plant and equipment Sales of property, plant and equipment Net cash from investing activities Cash from financing activities Net borrowings andrepayments Net issuance of stock vidends paid Net cash from financing activities Net change in cash Beginning cash Ending cash Line (Direct method) Amount Cash from operating activities Cash received from customers Cash paid to suppliers and employees Cash paid for interest Cash paid for taxes Net cash from operating activities