Cost of goods sold 182400 Guess profit 310400 Operating penses $57.700 Depreciation expense 46,400 Loss on sale of equipment 7,500 111,600 Profit from operations 198.800 Other expenses Interest expense 3,950 Proht before income tax 194,850 Income tax expense 44,200 Profit $150,650 Additional information: 1. New equipment costing $87,500 was purchased for $22,100 cash and a $65,400 note payable. 2. Equipment with an original cost of $57,500 was sold at a loss of $7,500 3. Notes payable matured during the year and were repaid. 4. A long-term investment was acquired for cash. Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15.000 or in parenthesis es. (15,0001) SUNLAND LTD. Cash Flow Statement-Indirect Method Cost of goods sold 182400 Guess profit 310400 Operating penses $57.700 Depreciation expense 46,400 Loss on sale of equipment 7,500 111,600 Profit from operations 198.800 Other expenses Interest expense 3,950 Proht before income tax 194,850 Income tax expense 44,200 Profit $150,650 Additional information: 1. New equipment costing $87,500 was purchased for $22,100 cash and a $65,400 note payable. 2. Equipment with an original cost of $57,500 was sold at a loss of $7,500 3. Notes payable matured during the year and were repaid. 4. A long-term investment was acquired for cash. Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15.000 or in parenthesis es. (15,0001) SUNLAND LTD. Cash Flow Statement-Indirect Method