2 Lab i Saved Prepare a statement of cash flows using the indirect method - Excel ? [ Bx Sign In FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW X Calibri 11 AA Paste B IU- Alignment Number Conditional Format as Formatting 1 Table Styles Cell Cells Editing Clipboard Font Styles A1 X Sx Required: A B C D 1 Required: 2 Complete the statement of cash flows (indirect method) shown below by using formulas that reference 3 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 calculations. 5 6 7 8 INNOVATION ELECTRONICS, INC. Statement of Cash Flows For the Year Ended December 31, 20X2 9 Cash Flows from Operating Activities: 10 Net income 11 Adjustments to reconcile net income to net cash 12 provided by operating activities: 13 Depreciation expense 14 Gain (on sale of land) 15 Changes in current assets and current liabilities: 16 Accounts receivable 17 Inventory 18 Prepaid insurance 19 Accounts payable 20 Interest payable 21 Income tax payable 22 Net cash provided by (used in) operating activities 23 24 Cash Flows from Investing Activities: Dalanen Sheet Cash Flow E