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D G H BC Incorporated 2 Income Statement 3 Year ending December 31, 2006 4 5 Sales Revenue 53025 6 COGS 26200 7 Gross Profit 8 Operating Expenses 26825 9 Depreciation Expense 1904 10 Selling Expenses 11 General & Admin Expenses 12 Operating Income 13 Interest Expense 14 Income Taxes 15 Net Income 9602 6540 8779 888 3092 4799 16 17 BC Incorporated 18 Selected Balance Sheet Accounts 19 Year ended Dec 31, 2006 & 2005 20 21 2005 2006 22 5469 16114 23 Cash 24 A/R 25 Marketable Securities 26 Inventory 27 Other Current Assets 28 Accounts Payable 29 Wages Payable 30 Income Taxes Payable 5120 5344 1856 501 4800 5600 1903 2024 13999 13895 3795 4595 10440 8059 31 32 33 Other Information: 34 300 of equipment for cash 280 of intangible assets for cash 877 of other long term assets for cash 2371 in cash dividends Purchased 35 Acquired 36 Acquired 37 Paid 38 4854 of stock for cash Issued 39 3939 long-term laon and received cash Secured 40 41 42 43 Prepare Statement of Cash Flows-Indirect Method 44