this is for acc 115, chapters 14 & 15

Where Have All the Flowers Gone? Emporium Income Statement for Year ended 12/31/16 Sales 392,780 Less: Cost of Goods Sold 135,460 Operating expenses, excluding depreciation 12,410 Interest Expense 4,730 Depreciation Expense 46,500 Income Tax Expense 7,280 Loss on sale of plant assets 7,500 213,880 Net Income 178,900 Where Have All the Flowers Gone? Emporium Balance Sheet as of December 31 2016 2015 Assets Cash 97,800 48,400 Accounts Receivable 95,800 33,000 Inventory 112,500 102,850 Prepaid expenses 28,400 26,000 Investments 128,000 114,000 Plant Assets 270,000 242,500 Accumulated Depreciation (50,000 (52,000) Total Assets 682,500 514,750 Liabilities & Stockholder's Equity Accounts Payable 102,000 67,300 Accrued expenses payable 16,500 17,000 Bonds Payable 110,000 150,000 Common Stock 220,000 175,000 Retained Earnings 234,000 105,450 Total Liability & Stockholder's Equity 682,500 514,750 Additional Information: 1. Cash Dividends declared and paid during the year $50,350 2. Plant assets costing $57,500 were sold for $1,500 resulting in a loss of $7,500 3. Investments were purchased and recorded at cost 4. New plant assets costing $85,000 were purchased for cash during the year. 5. Bonds matured and were paid off at face value for cash. REQUIRED: Prepare a Statement of Cash Flows using the indirect method, using good form In 50-100 words, use the SCF to analyze the company's operations. Include the integrity statement below in your solution. See instructions above. "My signature below, written or typed, confirms that I have completed this assignment with integrity according to the expectations and authorizations stipulated by the instructor.&quot