Prepare a statement of cash flows using the direct method.

ult the operating cash flows for the year using the indirect method. dise 15-35 Operating Cash Flows, Direct Method der to the information for Piura Merchandising Corporation above. OBJ Required re a schedule of operating cash flows using the direct method. PROBLEMS Use the following information for Problems 15-36 and 15-37 Solpoder Corporation has the following comparative financial statements: Solpoder Corporation Comparative Balance Sheets At December 31, 2015 and 2016 2015 2016 Assets Cash Accounts receivable, net Inventory Plant and equipment Accumulated depreciation s 49,500 135,000 27,000 180,000 (36,000) S355,500 S 81,000 108,000 54,000 180,000 (45,000) $378,000 Total assets Liabilities and equity Accounts payable Common stock Retained eeraings S 57,600 190,800 S 18,000 207,000 153,000 $378,000 107,100 Total aiuss and equity S355,500 Solpoder Corporation Income Statement For the Year Ended December 31, 2016 s 297,000 (175,500) S 121,500 (58,500) S 63,000 Sales Less: Cost of goods sold Gross margin Less: Operating expenses Net income Dividends of S17,100 were paid. No equipment was purchased or retired during the current year