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The balance sheets for 12/31/15 and 12/31/14 and the amount of the change for the Awesome Company are as follows:

	2015		2014		Change
Cash	33,500		13,000		20,500
Accounts receivable	12,250		10,000		2,250
Less: allowance for doubtful accounts	(3,000)		(4,500)		(1,500)
Inventory	12,000		9,000		3,000
Investments non-current	-		3,000		(3,000)
Buildings	-		29,750		(29,750)
Less: accumulated depreciation - buildings	-		(6,000)		(6,000)
Equipment	45,000		20,000		25,000
Less: accumulated depreciation - equipment	(2,000)		(4,500)		(2,500)
Copyrights	5,000		6,250		(1,250)
Total Assets	102,750		76,000		26,750
Accounts payable	5,000		3,000		2,000
Dividends payable	-		5,000		(5,000)
Notes payable, short-term (non-trade)	3,000		4,000		(1,000)
Notes payable, long-term	31,000		25,000		6,000
Common stock	43,000		33,000		10,000
Retained earnings	20,750		6,000		14,750
Total Liabilities and Stockholders' Equity	102,750		76,000		26,750

Additional 2015 data:

a.Equipment that cost $11,000 with related accumulated depreciation totaling $4,400 at the time of the disposal was sold for $2,500 cash.

b.A long-term note payable with a balance of $10,000 was paid by issuing common stock.

c.Cash dividends of $5,000 were paid.

d.On January 1, 2015, the building was completely destroyed by a flood. Insurance proceeds totaled $32,000 received in cash. The related taxes total $2,000.

e.Investments non-current, classified as available for sale, were sold for $4,700 cash. The company has made similar sales and investments in the past.

f.Cash of $20,000 was paid for the acquisition of equipment AND a $16,000 long-term note payable was issued for the acquisition of various equipment items.

g.Interest of $2,000 was paid in cash.

h.Income taxes of $6,500 were paid in cash.

Prepare a statement of cash flows. Use the indirect method for the operating activities section.

Be sure to present the required supplemental disclosures at the bottom of the statement.

Thank you!

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