6. Based on the following income statement and balance sheet for Rashid Corporation, dete flows from operating activities using the indirect method. rmine the cash RASHID CORPORATION Income Statement For Year Ended December 31, 2018 $504,000 Sales Cost of goods sold Depreciation expense Other operating expenses Other gains (losses $327,600 42,000 125,500| (495,100) Gain on sale of equipment Income before taxes Income tax expense Net income 7,200 S 16,100 (4.800)