X-cell Inc. began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below.
Other information regarding X-cell Inc. and its activities during 2015 follow in (a) through (e) :
Assume all accounts have normal balances.
$19,000 of the long-term notes payable will be paid during 2016.
Equipment was sold for cash of $17,200.
Old machinery was sold for cash of $21,400. New machinery was purchased for $41,000 cash.
Common shares were issued for cash.
Cash dividends were declared and paid.

X-cell Inc. Adjusted Trial Balance
December 31                                                   2015            2014
Accounts Payable                                          83,710         73,000
Accounts Receivable                                     57,700         79,500
Accumulated Depreciation, Equipment      1,300          81,500
Accumulated Depreciation, Machinery      9,500          91,000
Allowance for Doubtful Accounts               5,700           13,500
Depreciation Expense, Equipment             9,500             9,500
Depreciation Expense, Machinery              9,800             9,800
Cash                                                             329,650         285,000
Cash Dividends                                            45,000           45,000
Common Shares                                       140,000          100,000
Equipment                                                      9,300          118,000
Machinery                                                     61,700          133,000
Merchandise Inventory                            119,260          109,500
Long-term Notes Payable                          77,720            90,000
Other Expenses (including losses)         740,000            30,000
Preferred Shares                                      178,000           178,000
Retained earnings                                      59,000             50,000
Revenues (including gains)                     783,300          103,300
Unearned Revenue                                   43,680             39,000

Required:

Using the information provided, prepare a statement of cash flows (using the indirect method) for the year ended December 31, 2015 and a classified balance sheet at December 31, 2015.