Prepare StenBack Media's statement of cash flows-indirect method- for the year ended December 31, 2016.

STENBACK MEDIA CORPORATION Income Statement Year Ended December 31, 2016 Sales Revenue 77,000 Depreciation Expense-Plant Assets 26,900 48,500 Other Expenses Net Income 600 STENBACK MEDIA CORPORATION Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Current Assets: 4,900 4,100 Cash 8,100 Accounts Receivable 9.100 Long-term Assets: Plants Assets 108,250 80,350 (33,250) Accumulated Depreciation Plant Assets (6,350) Total Assets 89,000 86,200 Liabilities Current Liabilities: Accounts Payable 6,500 4,000 Long-term Liabilities Notes Payable 10,000 11,000 Total Liabilities 16,500 15,000 Stockholders' Equity Common Stock, no par 24,000 19,000 Retained Earnings 48,500 52,200 Total Stockholders' Equity 72,500 71,200 Total Liabilities and Stockholders' Equity 89,000 86,200