The following comparative balance sheets and income statement are available for Little Bit Inc. Prepare a statement of cash flows for 2009 using the indirect method and analyze thestatement.

December 31, 2009 2008 $40,000 48,000 43,000 19,000 $150,000 $67,000 $24,000 41,500 34,500 15,000 $115,000 61,000 (23,000) 38,000 89,000 $242,000 $11,000 Cash Accounts receivable (net) Inventory Prepaid expenses Total Current Assets Plant and equipment Less accumulated depreciation Plant and equipment (net) Long-term investments (41000 $26,000 90,000 $266,000 Total Assets Accounts payable Accrued liabities $13,000 5 $68,000 25,000 4,000 $97,000 Common stock ($1 par) and additional paid-in capit12,000 57,000 $266,000 $82,000 8,000 3,500 $93,500 97,000 Total Current Liabilities Long-term debt Deferred taxes Total Liabilities Retained earnings Total Liabilities and Equity $242,000 Income Statement for 2009 $155,000 83,000 $ 72,000 Sales Cost of goods sold Gross profit Selling and administrative Depreciation $45,700 18,000 63,700 $ 8,300 2,000 $ 6,300 Operating Profit Interest expense Earnings before tax Tax expense Net income $ 5,500