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hello, can you solve this question please using indirect and direct method. thanks Coyle Company, Income Statement, for the Year Ended December 31, 201 a

hello, can you solve this question please using indirect and direct method. thanksimage text in transcribed

Coyle Company, Income Statement, for the Year Ended December 31, 201 a Sales Cost of Goods Sold Gross Profit Operating Expenses 950,000 575.000 $375,000 8eg RE 134, 800 t 84,000 CR 2 18, goo D6, 900 DS3 900o Wage Expense $180,000 Rent Expense - Depreciation Expense.000 Total Operating Expenses Operating Income Interest Expense Net Income Before Taxes Income Tax Expense Net Income 30,000 228,000 $147,000 8,000 $139,000 55.000 Coyle Company; Balance Sheet; At December 31, 2016 2015 Change 2016 2015 Change Current Assets Current Liabilities: Cash Accounts Receivable Inventory Prepaid Rent S 15,000 12,000 $3,000 79,000 83,000 4,000) 47,000 49,000 (2,000) Accounts Pay 31,000 S 29,900 $1,100 Wages Pay6,400 7,800 (1,400) Interest Pay 1,100 600 500 50004600 400Taxes Payable 3,600 4400 (800) Total Current Assets Long tem sets 14600 S48.60000 TI Current Liab $42100 $42.700 (600) Long Term Assets Long Term Liab: S495,000 $42,00 Prop Plant & Equip Accumulated Deprec Net PPE $53,000 Long-term Debt $1950 201000 $ 16.000) 98.000) 180,000) (18000) Total Liabilities $237.10 $243.700 $397.000 362.000 $35,000Owners' Equity: Total Assets $543,000 $510600 S32.400 Prepare the Statement of Cash Flows Using the Indirect Method Common Stk $141,000 $132,100 $ 8,900 Retained Earn 164900 134800 30 100 Total oE 305.900 $266,900 $39,000 Total Liab & OE S543,000 $510,600 $32.400

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