Cash Flow: Use the following data to prepare a cash flow statement-indirect method- for Tootuf Corp. Tootuf Corp. Income Statement For the year ended September 30, 2012 Net sales Less Cost of Goods Sold Gross Margin Operating Expenses 430,000 270,000 160,000 Administrative Expenses Selling Expenses 72,000 Operating Income Other Gains & Losses 65.000 137.000 23,000 Gain on sale of investments 1.500 24.500 Net Income Tootuf Conp. Comparative Balance Sheets September 30, 2012 and 2011 Assets Cash Accounts Receivable (net) Inventory Prepaid Expenses Long Term Investments Property, Plant & Equipment Accumulated depreciation 2012 $ 12,500 32,000 40,000 3,000 21,000 97,000 2011 $ 15,000 27.500 50,000 40,000 Total assets Liabilities & Equity 6,000 260 740 Accounts Payable Wages Payable Taxes Payable Lease Obligation Long Term Notes Payable 3,500 1.200 900 7.500 9 000 13,000 S 22,100 20000 65,000 53,000 165.500 11.000 Total liabilities tockholders Equity Common Stock Retained earnings 78 400 Total stockholders equity Total liabilities and Stockholders equity