(Preparing a cash flow statement, LO 3, 4) Use the following information to prepare a cash flow statement for Quisibis Inc. (Quisibis) for the year ended December 31, 2006. Assume that income statement amounts have already been closed to retained earnings. Also assume that dividends of $10,000 were paid during 2006.

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Quisibis Inc. Account Balances On December 31, 2005 and 2006 2006 2005 Cash Accounts receivable Inventory $ 15,000 $ 10,000 22,000 18,000 35,000 37,000 Capital assets Accumulated amortization Accounts payable Long-term debt Capital stock 119,000' 100,000 (17,000) (12,000) 15,000 14,000 62,000 70,000 75,000 70,000 Retained earnings 22,000 (1,000) Revenue 250,000 Cost of goods sold 130,000 Other expenses (all cash) 82,000 Amortization 5,000