Menu Statement of Cash Flows (Indirect Method The Dairy Company's income statement and comparative balance sheets as of December 31 of 2013 and 2012 follow DAIRY COMPANY Income Statement For the Year Ended December 31, 2013 840,000 Sales Revenue Cost of Goods Sold Wages and Other Operating Expenses Depreciation Expense Goodwill Amortization Expense Interest Expense Income Tax Expense Loss on Bond Retirement $528,000 114,000 26,400 8,400 12,000 43,200 6,000 738,000 $102,000 Net Income DAIRY COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 Assets Cash Accounts Receivable Inventory Prepaid Expenses Plant Assets $32,400 63,600 123,600 14,400 432,000 57,600 130,800 12,000 403,200