Directions: A) Using the information below and the template on the next tab, prepare a statement of cash flows (indirect method). B) Also using the template on the next tab, compute free cash flow. Grading: In order to get full points for this project: Cells in orange on the template should be a VALUE. Cells in green on the template should be a FORMULA. Cells in yellow on the template should be TEXT. The points available for each row requiring input are noted in Column G on the template in the next tab. We Really Love Cash, Co. Comparative Balance Sheet December 31 We Really Love Cash, Co. Income Statement For the Year ended December 31, 2020 2020 2019 Assets Cash Accounts Receivable Inventory Equipment Accumulated depreciation--cquipment Total Assets $39,000 30,000 27,000 60,000 (29,000) $127,000 $20,000 14,000 20,000 78,000 (24,000) $108,000 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax nse $242,000 175,000 67,000 24,000 43,000 3,000 40.000 8,000 $32.000 Ner income $15,000 8,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total Liabilities and Stockholders' Equity $24,000 7,000 27,000 18,000 33,000 14,000 38,000 $108,000 51,000 $127,000 Additional data: 1. Dividends declared and paid were $19,000. 2. During the year equipment was sold for $6,500 cash. This equipment cost $18,000 originally and had a book value of $6,500 at the time of sale. 3. All depreciation expense, $16,500, is in the operating expenses. 4. All sales and purchases are on account