Presented below are the financial statements for the Amphlett Corporation, as of year-end 2016 and 2015.

The footnotes to the Amphlett Corporation’s financial statements revealed the following additional information:
1. Property and equipment costing \($450\) million was sold for its book value of \($200\) million.
2. Long-term investments were sold for \($150\) million, which included a gain of \($70\) million.
equired Using the above financial data for the Amphlett Corporation, prepare the firm’s statement of cash flow for 2016 using the indirect method. What does the company’s statement of cash flow reveal abcut the business’s financial health?

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As of Year-End ($ thousands) Assets Current Cash. Marketable securities... Accounts receivable (net). Inventory... Total current assets Noncurrent AMPHLETT CORPORATION Consolidated Balance Sheets 2016 2015 15,000 90,000 200,000 590,000 440,000 600,000 615,000 1,405,000 1,145,000 Long-term investments 310,000 390,000 Property & equipment. 1,800,000 1,100,000 Less: Accumulated depreciation.. (500,000) (500,000) Property & equipment (net) 1,300,000 600,000 Intangibles (net). 95,000 105,000 Total noncurrent assets 1,705,000 1,095,000 $3,110,000 $2,240,000 Total assets.. Liabilities & Shareholders' Equity Accounts payable Short-term bank debt Total liabilities... $ 900,000 190,000 1,090,000 $ 850,000 850,000