HW Ch#9 A Saved 3 The financial statements of Pouchle Co. Included the following Information for the year ended December 31, 2019 (amounts in millions): 10 points Skipped Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase $252 324 818 512 129 186 233 10 253 59 34 eBook Ask Required: Complete the following statement of cash flows, using the Indirect method. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in millions (I.e., 5,000,000 should be entered as 5).) Print References POUCHIE CO. . Statement of Cash Flows For the Year Ended December 31, 2019 (in millions) Cash flows from operating activities: Add (deduct) items not affecting cash: S S 0 0 Cash flows from investing activities: S $ 0 0 Cash flows from financing activities: s 0 Cash balance. January 1, 2019 Cash balance, December 31, 2019 S $ N Selling, general, and administrative expenses were $71,000; net sales were $322,500; Interest expense was $7,600; research and development expenses were $33,500; net cash provided by operating activities was $84,200; Income tax expense was $8,100; cost of goods sold was $176,000. 5 points Required: a. Calculate operating Income for the period. Skipped eBook 0 Operating expenses: Hint Ask Print References b. Calculate net Income for the period. Interest expense 0 Income tax expense