P16-33A Preparing the statement of cash flows-indirect method Accountants for Smithson, Inc. have assembled the following data for the December 31, 2016: year end 2016 2015 Current Assets: Cash Accounts Receivable Merchandise Inventory $102,700 63,500 85,000 $20,000 69,500 80,000 Current Liabilities Accounts Payable Income Tax Payable $ 57,900 14,400 $56,000 17,000