Parker Products provided the following balance sheet and income statement information: Balance Sheet at December 31...

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Parker Products provided the following balance sheet and income statement information: Balance Sheet at December 31 Cash Year 2 $ 1,400 Year 1 $ 7,200 13,500 12,000 Accounts receivable Inventory Prepaid insurance Equipment, net Total assets 11,800 4,500 1,200 900 36,500 $64,400 38,000 $62,600 Accounts payable $ 13,100 $ 12,600 Wages payable 7,400 8,000 Long-term note payable 17,000 26,700 Common stock 16,000 8,000 Retained earnings 10,900 7,300 Total liabilities & shareholders' equity $64,400 $62,600 Income Statement for Year 2 Sales $ 121,800 Cost of goods sold 49,500 Depreciation expense 6,800 Other operating expenses 27,800 Interest expense 2,100 Income taxes expense 8,000 Net income $ 27,600 Using the financial data for Parker Products, prepare the statement of cash flow using the indirect method for Year 2. Parker Products provided the following balance sheet and income statement information: Balance Sheet at December 31 Cash Year 2 $ 1,400 Year 1 $ 7,200 13,500 12,000 Accounts receivable Inventory Prepaid insurance Equipment, net Total assets 11,800 4,500 1,200 900 36,500 $64,400 38,000 $62,600 Accounts payable $ 13,100 $ 12,600 Wages payable 7,400 8,000 Long-term note payable 17,000 26,700 Common stock 16,000 8,000 Retained earnings 10,900 7,300 Total liabilities & shareholders' equity $64,400 $62,600 Income Statement for Year 2 Sales $ 121,800 Cost of goods sold 49,500 Depreciation expense 6,800 Other operating expenses 27,800 Interest expense 2,100 Income taxes expense 8,000 Net income $ 27,600 Using the financial data for Parker Products, prepare the statement of cash flow using the indirect method for Year 2.