Ochoa Inc., had the following condensed statement of financial position at the end of operations for 2014 (¥ in thousands).

During 2015, the following occurred.
1. A tract of land was purchased for ¥11,000.
2. Bonds payable in the amount of ¥20,000 were retired at par.
3. An additional ¥10,000 in ordinary shares were issued at par.
4. Dividends totaling ¥9,375 were paid to shareholders.
5. Net income was ¥30,250 after deducting depreciation of ¥13,500.
6. Land was purchased through the issuance of ¥22,500 in bonds.
7. Ochoa Inc. sold part of its investment portfolio for ¥12,875. This transaction resulted in a gain of ¥2,000 for the company. The company classifies them as non-trading equity investments.
8. Both current assets (other than cash) and current liabilities remained at the same amount.
Instructions

(a) Prepare a statement of cash flows for 2015 using the indirect method.

(b) Prepare the condensed statement of financial position for Ochoa Inc. as it would appear at December 31, 2015.

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OCHOA INC. STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2014 Investments 20,000 Share capital-ordinary 75,000 Land 40,000 Retained earnings 24,500 Plant assets (net) 67,500 Long-term notes payable 25,500 Current assets other than cash 29,000 Bonds payable 25,000 Cash 8,500 Current liabilities 15,000 165,000 165,000