Big Ben World Exotic Pet Shops, Incorporated reported the following comparative balance sheets and income statement for the current you. Click the icon to view the balance sheets. (Click the icon to view the income statement) Prepare the operating activities section of the statement of cash flows using the indirect method. Assume that accrued expenses relate to selling general and administrative expenses (Use a minus sign or parentheses for any numbers to be subtracted If an input fold is not used in the statement, leave the field emply, de not select a label or enter a zero) Big Ben World Exotic Pet Shops, Incorporated Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31 Operating Activities: Adjustments to Reconcile Net Income to Cash Flows from Operating Activities: Changes in Operating Working Capital Accounts: from Operating Activities: RE Changes in Operating Working Capital Accounts: Net Cash Provided (Used) by Operating Activities Balance sheet 5. al se an 0. Big Ben World Exotic Pet Shops, Incorporated Balance Sheets At December 31 Assets Ending Beginning Current Assets ing| Cash 7.400 $ 3,580 8,450 Accounts Receivable - net Merchandise Inventory 2.320 1,710 7 200 4.700 2,270 Prepaid Insurance $ 19,880 $ 17,750 Total Current Assets Noncurrent Assets d) by Total Assets Noncurrent Assets Investments $ 11,200 $ 76,170 24,310 57030 Property, Plant, and Equipment - net Total Noncurrent Assets $ 87 370 $ 81,340 Total Assets $ 107,250 $ 99,090 Liabilities $ 5.510 $ 1,200 Current Liabilities Accounts Payable Accrued Expenses Income Taxes Payable 9,600 6.100 5,130 4.860 $ 21 210 S 11.190 Total Current liabilities Balance sheet ITE TUOTEUTTUM CTOMICS Noncurrent Liabilities la ter Notes Payable $ CA 31,500 $ 42,400 Total Noncurrent Liabilities $ 31,500 $ 42,400 $ 52,710 $ 53,590 $ 9,500 $ 9,500 Total Liabilities Shareholders' Equity Common Stock, $1 par value Additional Paid-in Capital in Excess of Par - Common Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity 19,600 25.440 19,600 16,400 $ 54,540 $ 45,500 $ 107 250 $ 99,090 Income statement ht Big Ben World Exotic Pet Shops he Income Statement For the Year Ended December 31 Sales $ 80,100 48,090 Cost of Goods Sold Gross Profit $ 32,010 $ 10,200 2,200 Selling, General, and Administrative Expenses Depreciation Expense Total Operating Expenses Operating Income Interest Expense $ 12,400 $ 19,610 $ (3,550) erd Drint Dona Income statement he Cost of Goods Sold 48,090 ses hes Gross Profit $ 32,010 Selling, General, and Administrative Expenses Depreciation Expense $ 10,200 2,200 $ 12,400 Total Operating Expenses Operating Income Interest Expense $ 19,610 $ (3,550) 2.600 Interest Revenue Income before Tax $ 18,660 (7.725) Income Tax Expense $ 10.935 Net Income
