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Comparative balance sheets for EM Company are presented below: EM Company Comparative Balance Sheets December 31 Additional Information: Net income for Year 2 was exist125,000

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Comparative balance sheets for EM Company are presented below: EM Company Comparative Balance Sheets December 31 Additional Information: Net income for Year 2 was exist125,000 Bonds payable amounting to exist50,000 were redeemed for cash exist50,000 Common stock was issued for exist50,000 Sales for the year were exist978,000 Instructions: Prepare a statement of cash flows using the indirect method

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