Kieso, Intermediate Accounting, IFRS, 2e INTE STANDARD VIEW PRINTE The comparative statements of financial position of Menachem Corporation at the beginning and end of the year 2015 appear below. MENACHEM CORPORATION STATEMENTS OF FINANCIAL POSITION Assets Dec. 31, 2015 Jan. 1, 2015 Equipment 37,000 22,000 Less: Accumulated depreciation-equipment (17,000) (11,000) Accounts receivable 106,000 88,000 Cash 22,000 13,000 Total 148,000 112,000 Inc./Dec. 15,000 Inc. 6,000 Inc. 18,000 Inc. 9,000 Inc. Equity and Liabilities Share capital-ordinary Retained earnings Accounts payable Total 100,000 28,000 20,000 148,000 80,000 17,000 15,000 112,000 20,000 Inc. 11,000 Inc. 5,000 Inc. Net income of C34,000 was reported, and dividends of 23,000 were paid in 2015. New equipment was purchased and none was sold. (a) Prepare a statement of cash flows for the year 2015. (Show amounts that decrease cash flow with either a sign e.g. -15,000 (15,000).) MENACHEM CORPORATION Statement of Cash Flows For the Year Ended December 31, 2015 Ai