4 Prepare the statement of cash flows using the indirect method for the year ended December 31, current year. A recent annual report for Carmelo Company contained the following information for the period (dollars in 000s) 422.750 268.000 -6.100 5.450 Income Statement Net Sales Revenue Cost of Goods Sold Depreciation Expense Salaries Expense Rent Expense 11.700 48.900 46.500 -2.500 Selected Balance Sheet Accounts Decrease in Accounts receivable Increase in Merchandise inventory Increase in Property and equipment Decrease in Accounts payable Decrease in Note payable, long-term Increase in Common Stock Dividends Paid Cash, Beginning of Current Year Cash, End of Current Year 18.600 - 14.700 Insurance Expense Interest Expense Utilities Expense Net Income 18.600 17.050 15.500 26.800 38.050 650 1.050 11.500 Carmelo Inc. Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Non-Cash Adhjustments to Income Statement Changes in Current Assets and Current Liabilities Net Cash Provided by Operating Activities US$ Cash Flows from Investing Activities: Net Cash Used in Investing Activities US$ Cash Flows from Financing Activities: Net Cash Provided by Financing Activities US$ Net Increase in Cash US$ - Cash, Beginning of Current Year Cash, End of Current Year