The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2015 appear on the next page.

Net income of $34,000 was reported, and dividends of $13,000 were paid in 2015. New equipment was purchased and none was sold.
Instructions Prepare a statement of cash flows for the year 2015.

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LOPEZ INC. STATEMENTS OF FINANCIAL POSITION Assets Equipment Less: Accumulated depreciation-equipment Accounts receivable Cash Total Equity and Liabilities Share capital-ordinary Retained earnings Accounts payable Total Dec. 31, 2015 Jan. 1, 2015 $ 39,000 $ 22,000 Inc./Dec. $17,000 Inc. (17,000) (11,000) 6,000 Inc. 91,000 88,000 3,000 Inc. 45,000 13,000 32,000 Inc. $158,000 $112,000 $100,000 $ 80,000 20,000 Inc. 38,000 17,000 21,000 Inc. 20,000 15,000 5,000 Inc. $158,000 $112,000