10) Use the following financial statements and additional information to (1) prepare a statement of cash flows for the year ended December 31, 20X2 using the indirect method, (2) prepare only the cash flows from operating activities section of the statement of cash flows using the direct method and (3) compute the company's cash flow on total assets ratio for 20X2. Derby Company Balance Sheets At December 3 20X220X1 Assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-Equipment 85,600S 65.20 157,750 144.850 80,600245,600 850 080 12.680 Total assets iabilities: [S $2.85015 45.4501 Accounts payable Income taxes pavable Total liabilities 136,890 Equity Common stock 200,000 150,000 ,000 Paid-in capital in excess of par Retained earnings Total equity 394.990 | S290.590 Total liabilities and equity Derby Company Income Statement For Year Ended December 31, 20X2 3488,000 st of goods sold Depreciation expense $212,540 3,000 106,260 ther nterest expense ther gains (losses): 400 68,200 Gain on sale of equipment ncome before taxes 124.500 ncome taxes expense Net income