I need help preparing the statement of cash flows using the indirect method

er 11 The 2018 and 2017 comparative balance sheets and 2018 income statement of Queen Supp Corp. follow Queen Supply LO 2.3 P11-61A. (Learning Objectives 2, 3: Prepare the statement of cush flows indirect method 2. 3 A1 Queen Supply Corp Comparative Balance Sheets December 31, 2018 Increase 2017 (Decrease) nt assets 50,200 56,700 43300 1 42,000 50002700 30,800 37700 5 Cash and ca 6 Accounts rece 13,400 2.300 Prepald expenses 9 Plant assets 10 Land 11 Equi 12 Total assets 13 Current liabilities 68,500 53,700 9,000 4700 179,100 35,700 26,500 27,000 5 9200 Accounts payable 18,100 8900 15 Salary payable 16 Other accrued liabilities 17 Long.term liabilities: 18 Notes payable 19 Stockholders' equity 20 Common stock, no-par 21 Retained earnings 22 Total liabilities and stockholders equity 23 21,200 23,900 12,700) 65,000 88,000 21,000 38.000 64,400 23,600 19,200 12,300 5 249 200 179,100 70,10O Queen Supply Corp. Income Statement Year Ended December 31, 2033 2 Revenues: 3 Sales revenue 4 Expenses: 5 Cost of goods sold 6 Salary expense $ 439,000 186,600 16800 49 600 24,800 28 Depreciation expense 8 Other operating expense 9 Interest expense 10 Income tax expense 11 Total expenses 12 Net income 13 383.500 Queen Supply had no noncash investing and financing transactions during 2018. During the year, there were no sales of land or equipment, no payment of notes payable, no retirements o stock, and no treasury stock transactions. Requirements 1. Prepare Queen Supply's 2018 statement of cash flows. Use the indirect method to format operating activities. 2. How can the concepts used in this problem help you evaluate an investment