1. ward 2.00 points All answers must be entered as a formula Click OK to begin Use the income statement and balance sheet to prepare a statement of cash flows using the indirect method Prepare a statement of cash flows uning the indirect method- Exce HOME INSERT PAGE LAYOUT FORMULAS ATA REVIEW VEW -A.lignment Number Conditional Forman as ell Cels Editing Formatsng Table Styles Oipboand A1 Required: 1 Required: 2 Complete the statement of cash flows (indirect method) shown below by using formulas that reference data from the income statement and balance sheet (found by clicking the tabs at the bottom of this 4 worksheet. Note: Blank cells may be included in colculotions 9 Cash Flows from Operating Activitiess 11 Adjustments to reconcile net income to net cach L2 providedby 13 Depreciation expense 14 Gain (on sale of land) is Changes in current assets and current liabilities: 6 Accounts receivable 17 Inventory 1s Accounts payable 20 interest payable 21 Income tax payable 2 Net cash provided by lused in) operating activities 23 4 Cash Flows from Investing Actividies: 23 24 Cash Flows from Investing Activities Purchase investments s Sale of land Cash Flows from Financing Activities: 30 Issue common stock 31 issue long term note 2 Net cash provided by (used in financing activities 3s Net increase (decrease) in cash 34 Cash at beginning of the period 35 Cash at end of the period 36 57 58 39 41 1. ward 2.00 points All answers must be entered as a formula Click OK to begin Use the income statement and balance sheet to prepare a statement of cash flows using the indirect method Prepare a statement of cash flows uning the indirect method- Exce HOME INSERT PAGE LAYOUT FORMULAS ATA REVIEW VEW -A.lignment Number Conditional Forman as ell Cels Editing Formatsng Table Styles Oipboand A1 Required: 1 Required: 2 Complete the statement of cash flows (indirect method) shown below by using formulas that reference data from the income statement and balance sheet (found by clicking the tabs at the bottom of this 4 worksheet. Note: Blank cells may be included in colculotions 9 Cash Flows from Operating Activitiess 11 Adjustments to reconcile net income to net cach L2 providedby 13 Depreciation expense 14 Gain (on sale of land) is Changes in current assets and current liabilities: 6 Accounts receivable 17 Inventory 1s Accounts payable 20 interest payable 21 Income tax payable 2 Net cash provided by lused in) operating activities 23 4 Cash Flows from Investing Actividies: 23 24 Cash Flows from Investing Activities Purchase investments s Sale of land Cash Flows from Financing Activities: 30 Issue common stock 31 issue long term note 2 Net cash provided by (used in financing activities 3s Net increase (decrease) in cash 34 Cash at beginning of the period 35 Cash at end of the period 36 57 58 39 41