Chekov Corporation’s statement of financial position at the end of 2014 included the following items.

The following information is available for 2015.
1. Net income was $55,000.
2. Equipment (cost $20,000 and accumulated depreciation $8,000) was sold for $9,000.
3. Depreciation expense was $4,000 on the building and $9,000 on equipment.
4. Patent amortization was $2,500.
5. Current assets other than cash increased by $25,000. Current liabilities increased by $13,000.
6. An addition to the building was completed at a cost of $27,000.
7. A long-term investment in debt securities was purchased for $16,000.
8. Bonds payable of $50,000 were issued.
9. Cash dividends of $25,000 were declared and paid.
10. Treasury shares were purchased at a cost of $11,000.
Instructions (Show only totals for current assets and current liabilities.)

(a) Prepare a statement of cash flows for 2015.

(b) Prepare a statement of financial position at December 31, 2015.

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Land Buildings $ 30,000 120,000 Bonds payable $100,000 Current liabilities 150,000 Equipment 90,000 Share capital-ordinary 180,000 Accum. depr.-buildings (30,000) Retained earnings 44,000 Accum. depr.-equipment (11,000) Total $474,000 Patents 40,000 Current assets 235,000 Total $474,000