Use the Following Information to Prepare a Statement of Cash

Use the following information to prepare a statement of cash flows (direct method) for Ames Corporation for the year ended December 31, 2015. $\begin{array}{lr}\text { Cash and cash equivalent balances: }\\12-31-2014 & \$ 26,000 \\12-31-2015 & 18,000 \\\text { Cash paid for purchase of treasury stock } & 50,000\\\text { Accepted note receivable in exchange for a computer }\\\text { that had been used in business operations } & 10,000 \\\text { Depreciation expense } & 15,000 \\\text { Cash received from customers } & 200,000 \\\text { Cash paid for operating expenses } & 75,000 \\\text { Cash paid for merchandise } & 130,000 \\\text { Cash received from dividends } & 2,000 \\\text { Cash paid for dividends } & 5,000 \\\text { Cash paid for office building } & 75,000 \\\text { Cash borrowed on a 6-month note payable } & 40,000 \\\text { Cash received from issuance of bonds payable } & 90,000 \\\text { Cash paid for bond interest expense } & 5,000\end{array}$