Part B: Create a cash flow statement for Contest Company, for the year ended December $31,2015,$ on the attached spreadsheet. Comment on the company's financial performance with respect to major items affecting cash. Please use the template provided

From the Income Statement, there is a net income of $$51,000$ in $2015.$

Equipment was amortized for $$9,000$ in $2015.$

Equipment costing $$21,000$ was purchased.

Fully amortized equipment that cost $$3,000$ was discarded; its cost and accumulated amortization were removed from the accounts.

$1500$ shares of stock were sold and issued at $$12$ per share.

The company declared $$30000$ of cash dividends during the year and paid $$21000$ of dividends.