Sharp Screen Films, Inc., is developing its annual financial statements at December 31, 2015. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows: 2015 2014 Balance sheet at Cash S 69,750 S 65,400 24.450 Merchandise inventory 24,450 9,100 211,950 151700 17,950 Property and Less: Accumulated (61.400) (46,950) S262,700 $213.700 Accounts payable S 11,600 21,800 Note payable, long-62,200 74.200 ,800 66,900 s payable 6,300 term Contributed capital Retained earnings 101 80,800 48,300 S262,700 $213.700 Income statement for 2015 Sales Cost of goods sold Depreciation expense Other expenses S205,000 102,000 4,450 44,000 Net income S 44,550 Additional Data: a. Bought equipment for cash, $60,250 b.Paid $12,000 on the long-term note payable c. Issued new shares of stock for $34,900 cash. d. Dividends of $12,050 were declared and paid. e.Othe f. Accounts payable includes only inventory purchases made on credit. r expenses all relate to wages