The statement of financial position of Amelia Enterprises Inc. at December 31, 2015 and 2014, is as follows:

Additional data obtained from the statement of income and from an examination of the accounts in the ledger for 2015 are as follows:
a. Net income, $126,000.
b. Depreciation reported on the income statement, $41,700.
c. Equipment was purchased at a cost of $81,400, and fully depreciated equipment costing $22,400 was discarded, with no salvage realized.
d. As the mortgage note payable was not due until 2018, but the terms permitted earlier payment without penalty, there is no current portion.
e. 7,000 shares of common shares were issued at $20 per share for cash.
f. Cash dividends declared and paid, $76,800.
Instructions
Prepare a statement of cash flows using the indirect method of presenting cash flows from operating activities. Use of the spreadsheet is optional.

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Dec. 31, 2014 Dec. 31, 2015 Assets $ 73,300 $ 89,900 121.000 Cash... Accounts receivable (net) Inventories. 112,300 160,800 149,600 Prepaid expenses Equipment... Accumulated depreciation-equipment 6,700 4.800 327,500 (85,400) 268,500 (66,100) $595,200 $567,700 Liabilities and Shareholders' Equity Accounts payable (merchandise creditors).. Mortgage note payable.... Common shares .. Retained earnings. $125,100 $118,800 168.000 312,000 172,000 158,100 108,900 $595,200 $567.700