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Complete the following problem, in excel (show exactly how the balance sheet account changes flow into the statement of cash flow):

The comparative balance sheets for 2016 and 2015 are given below for Surmise Company. Net income for 2016 was $50 million.
SURMISE COMPANY
Comparative Balance Sheets
December 31, 2016 and 2015
($ in millions)
 20162015
  Assets    
  Cash45   40   
  Accounts receivable 92    96   
      Less: Allowance for uncollectible accounts (12)   (4)  
  Prepaid expenses 8    5   
  Inventory 145    130   
  Long-term investment 80    40   
  Land 100    100   
  Buildings and equipment 411    300   
      Less: Accumulated depreciation (142)   (120)  
  Patent 16    17   
 
 743   604   
 
  Liabilities    
  Accounts payable17   32   
  Accrued liabilities (2)   10   
  Notes payable 35    0   
  Lease liability 111    0   
  Bonds payable 65    125   
  Shareholders’ Equity    
  Common stock 60    50   
  Paid-in capital—excess of par 245    205   
  Retained earnings 212    182   
 
 743   604   
 
Required:
Prepare the statement of cash flows of Surmise Company for the year ended December 31, 2016. Use the indirect method to present cash flows from operating activities because you do not have sufficient information to use the direct method. You will need to make reasonable assumptions concerning the reasons for changes in some account balances.

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