Vanmetre Corporations balance sheet and income statement appear below:

Comparative Balance Sheet

Income Statement for 2015

1. Cash dividends were $28.

2. The company sold equipment for $48 that was originally purchased for $54 and that had accumulated depreciation of $22.

REQUIRED: Prepare a statement of cash flows for the year ended December 31, 2015 using the indirect method.

Vanmetre Corporation 3 mice snel Comparative Balance Sheet 2015 2014 Assets: $ 31 $ 29 61 73 59 61 Cash and cash equivalents Accounts receivable Inventory Plant and equipment Accumulated depreciation Total assets 684 550 _(349) (319) $ 394 $ 486 Liabilities and stockholders' equity Accounts payable Accrued liabilities $ 53 $ 54 72 69 Bonds payable 203 190 Common Stock 61 60 97 21 Retained earnings Total liabilities and shareholders' equity $ 486 $ 394 Income Statement for 2015 10 203 190 Bonds payable 61 60 Common Stock 97 Retained earnings Total liabilities and shareholders' equity $ 486 $ 394 Income Statement for 2015 $807 492 315 182 Sales Less cost of sales Gross margin Less operating expenses. Net operating income. Gain on sale of plant and equipment Income before tases Less income taxes. Net income 133 16 149 45 $104 a. Cash dividends were $28. b. The company sold equipment for $48 that was originally purchased for $54 and that had accumulated depreciation of $22. REQUIRED: Prepare a statement of cash flows for the year ended December 31, 2015 using the indirect method. USE THE BLANK CHEET ON THE NEYT DACE 52 MacBook Pro