4 Prepare a statement of cash flows. Cash from operations needs to be calculated using the direct and indirect method. Clearly label every number on your cash flow. You will calculate cash flows for the remaining two sections using the only one method available. Show that the three sections of the cash flow equal the change in cash. JJ Company 2018 Income Statement $ 5,000.00 S 280.00 3,720.00 $ $ Sales depreciation expense cost of goods sold gross profit tax expense net income 4,000.00 1,000.00 300.00 700.00 Balance Sheet cash accounts receivable property plant & equipment accumulated depreciation 12/31/2018 800.00 450.00 1,900.00 (800.00) 2,350.00 12/31/2017 750.00 365.00 $ 1,450.00 $ (520.00) $ 2,045.00 $ $ 100.00 125.00 130.00 payables for selling and admin payables of inventory income tax payable note payable due in 3 years common stock retained earnings inunn 50.00 150.00 180.00 100.00 700.00 1,170.00 2,350.00 $ $ 500.00 1,190.00 2,045.00 4 Prepare a statement of cash flows. Cash from operations needs to be calculated using the direct and indirect method. Clearly label every number on your cash flow. You will calculate cash flows for the remaining two sections using the only one method available. Show that the three sections of the cash flow equal the change in cash. JJ Company 2018 Income Statement $ 5,000.00 S 280.00 3,720.00 $ $ Sales depreciation expense cost of goods sold gross profit tax expense net income 4,000.00 1,000.00 300.00 700.00 Balance Sheet cash accounts receivable property plant & equipment accumulated depreciation 12/31/2018 800.00 450.00 1,900.00 (800.00) 2,350.00 12/31/2017 750.00 365.00 $ 1,450.00 $ (520.00) $ 2,045.00 $ $ 100.00 125.00 130.00 payables for selling and admin payables of inventory income tax payable note payable due in 3 years common stock retained earnings inunn 50.00 150.00 180.00 100.00 700.00 1,170.00 2,350.00 $ $ 500.00 1,190.00 2,045.00