complette the statement of cash flow (indirect method) shown below by using formulas that refrence data from the income statement and balance sheet.

Note: To complete the assignment, go to the worksheet tab labeled Cash Flow and complete the statement of cash flows. INNOVATION ELECTRONICS, INC Income Statement For the Year Ended December 31, 20X2 Net sales Gain on sale of land S 2,430,000 6,500 Total revenues 2,436,500 Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense $ 1.565,000 598,000 16,000 17,000 63,000 Total expenses 2,259,000 Net income $ 177,500