Case 2: The Statement of Financial Position and the Statement of Cash Flows Presented below is the statement of financial position at the end of 2014 for ABDC Corporation and liabilities Assets S 30,000 Land Bonds payable 100,000 150,000 Buil 120,000 90,000 180,000 Acc.dep, for buildings for 30,000 Retained Total 44,000 Acc 11,000) S 474 Patents 40,000 235,000 Current assets Total S 474,000 The following information is available for 2015 1. Net income was $55,000 2. Equipment was sold for $9,000 (the cost of this equipment was $20,000 and its Acc. dep. was $8,000) 3. Depreciation expense was $4,000 on the building and S9,000 on the equipment 4. Patent amortization was S 5. Current assets rather than cash increased by $25,000, while 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 S50,000 were issued 9. Cash dividends of $25,000 were declared and paid 10. Treasury share were purchased at a cost of $11,000 1- Prepare a classified statement of cash flows for 2015 2- Prepare a classified statement of financial position at December 31t.2015