. The following comparative balance sheets and income statement are available for Little Bit Inc. Prepare a statement of cash flows for 2009 using the indirect method and analyze the statement. Cash Accounts receivable (net) Inventory Prepaid expenses December 31, 2009 2008 $ 40,000 $ 24,000 48,000 41,500 43,000 34,500 Total Current Assets Plant and equipment Less accumulated depreciation Plant and equipment (net) Long-term investments Total Assets Accounts payable 19,000 $150,000 $ 67,000 (41,000) 15,000 $115,000 $ 61,000 (23,000) $ 38,000 89,000 $242,000 $ 26,000 90,000 $266,000 $13,000 $ 11,000 55,000 71,000 Accrued liabilities Total Current Liabilities Long-term debt Deferred taxes Total Liabilities Common stock ($1 par) and additional paid-in capital Retained earnings Total Liabilities and Equity Income Statement for 2009 Sales Cost of goods sold Gross profit Selling and administrative Depreciation Operating Profit Interest expense Earnings before tax Tax expense Net income $ 68,000 $82,000 25,000 8,000 4,000 $ 97,000 3,500 $ 93,500 112,000 97,000 57,000 51,500 $266,000 $242,000 $155,000 83,000 $ 72,000 $45,700 18,000 63,700 $ 8,300 2,000 $ 6,300 800 $ 5,500