The following financial statements were provided by Roberts Company:

At the end of 2016, Roberts purchased some additional equipment for $20,000.
Required:
Prepare a statement of cash flows using the indirect method.

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Roberts Company Balance Sheets At September 30, 2015 and 2016 2015 2016 Assets Cash Accounts receivable Inventory Plant and equipment Accumulated depreciation $ 23.000 7,600 20,800 40,000 (10,000) $ 81,400 s 7,000 9.600 18,000 60,000 Total assets $ 78.600 2015 2016 Liabilities and equity Accounts payable Wages payable Common stock Retained earnings S 4,800 1,200 50.000 25.400 581 100 S 3.200 800 50.000 4,000 $78,600 Total liabilities and equity Roberts Company Income Statement For the Year Ended September 30, 2016 Sales Less: Cost of goods sold $ 40,000 Beginning inventory Purchases Ending inventory $ 20,800 26,000 Less: W Less: Advertising Less: Depreciation expense (28,800) (4,000) 2,000) (6,000) S (800) ages expense Net Income (Loss)