Assignment Gradebook ORION Downloadable eTextbook nt NOSKER COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment 2017 2016 $35,250 $20,150 19,700 20,700 77,900 (29,200) (23,750) $123,350 $114,700 32,050 26,200 59,050 Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $28,650 16,700 8,100 26,600 32,050 14,250 43,600 $123,350 $114,700 7,450 18,550 42,100 Total NOSKER COMPANY Income Statement For the Year Ended December 31, 2017 $241,750 175,450 Sales revenue Cost of goods sold arch FR SWeygandt, Accounting Principles, 12 ctice Assignment Gradebook ORION Downloadable elextbook ment Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income 66,300 24,850 41,450 2,650 38,800 8,600 $30,200 Additional data 1. Dividends dedared and paid were $31,700. 2. During the year eqipment was sold for $8,350 cash. This equipment cost $18,850 ongr 3. All depreciation expense, $15,950, is in the operating expenses 4 All sales and purchases are on account. Prepare a statement of cash flows using the indirect method. (Show amounts that decrea NOSKER COMPANY Statement of Cash Flows o search of date. An update is required to stay secure.Update Now Weygandt, Accounting Principles, 12e ice Assignment Gradebook ORION Downloadable eTextbook ent Adjustments to reconcile net income to rch ate. An update is required to stay secure Update Now Weygandt, Accounting Principles, 12e Gradebook ORION Downloadable eTextbook Compute free cash flow Free Cash Flow earch