leyPLUS Homework #4 - Ch. 4/5 Question 4 of 4 Net income Additional information: JMFLLRnt-player/index.htm/launchid-304073-32-4575-614-540118 $62,034 14.22/20 EE 1 1. New equipment costing $58,220 was purchased for cash during the year. 2. The increase in intangible assets is related to legal fees incurred to trademark new packaging design 3. Accounts payable relate only to merchandise creditors. 4. Operating expenses included wages expense of $26,240, 5. Interest expense was paid in cash during the year. (b) Prepare a statement of cash flows for Stauttner Inc. using the indirect method. Assume Stauttner follows IFRS and has chosen to interest paid and collected as operating activities and dividends received as operating activities while dividends paid are 15.000 or in parenthesis es (15.000)