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Prepare a statement of cash flows for year end 2015

12 AA AA E E EE 21 x x 2-A-EEEEE. ABCDE ABCDe Aalbe 1 Normal 1 No Spac.. Heading B I 0 - H ainter Font Paragraph Avatar Company Comparative Balance Sheet December 31, 2015 and 2014 Cash Accounts Receivable Inventory Plant and Equipment, net Total Assets 2015 $33,000 29,000 56,000 126.000 $244.000 2014 $13,000 36,00 29.000 Increase (Decrease $20,000 7,000) 27,000 34.000 $74.000 92.000 $170.000 Accounts Payable Accrued Liabilities Long-term Notes Payable Total Liabilities $9,000 7.000 20.000 $86,000 $13,000 3,00d 29.000 $95.000 $14,000 4.000 9.000 $19.000 S 1 Common Stock Retained Earnings Treasury Stock Total Stockholders' Equity $55,000 15,000 (12.000) $158.000 $3,000 78,000 (6.000 $25.000 $52.000 37,000 (6.000 $83.000 Total Liabilities and Stockholders Equity $244.000 $120.ood $74.000 $299, 300 Avatar Company Income Statement Year Ended December 31, 2015 Sales Revenue $291,300 Interest Revenue 1,000 Gain on Sale of Plant Assets 6,000 Total Revenue and Gains Cost of Goods Sold 145,000 Salaries and Wages Expense 49.000 Depreciation Expense --Plant Assets 16,000 Other Operating Expense 25,000 Interest Expense 3.500 Income Tax Expense Total expenses Net Income 7 od $52.000 256 words De Additional information provided by the company includes the following: Equipment costing $60,000 was purchased for cash. Equipment with a net asset value of $10,000 was sold for $16,000 During 2015, the company repaid $43,000 of Long-Term Notes Pavable. During 2015, the company borrowed $34,000 on a new Note Payable There were no stock retirements during the year. There were no sales of Treasury Stock during the year. Requirement: Prepare a statement of cash flows for year end 2015

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