The following balance sheet and income statement data were taken from the financial records of The Arcadia Company.

Required

Prepare an indirect method statement of cash flow for The Arcadia Company for 2015.

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Assets Cash....... Marketable securities. Inventory... Prepaid insurance.. Total current assets Building (net).. Totals Revenues Less THE ARCADIA COMPANY Balance Sheets 2015 2014 2015 2014 Liabilities & Shareholders' Equity $30,000 $ 7,000 Accounts payable.... $ 63,000 $ 65,500 60,000 67,500 Wages payable.. 47,500 37,000 22,500 49,000 Total current liabilities... 110,500 102,500 4,500 6,000 Bank loan payable 85,000 83,000 117,000 129,500 Capital stock 75,000 75,000 190,000 187,500 Retained earnings 36,500 56,500 $307,000 $317,000 Totals $307,000 $317,000 THE ARCADIA COMPANY Income Statement For Year Ended December 31, 2015 Cost of goods sold Depreciation expense Wage expense.. Insurance expense. Interest expense Net loss 480,000 320,000 28,500 93,000 46,000 10,500 $ (18,000)