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P9-57B.Prepare the statement of cash flows ( indirect method). (LO 2, 3, 4, 5, 6, 7)Following are the income statements for Ocoee Oil Company for

P9-57B.Prepare the statement of cash flows ( indirect method). (LO 2, 3, 4, 5, 6, 7)Following are the income statements for Ocoee Oil Company for the year ended December 31, 2011, and the balance sheets at December 31, 2010 and 2011 Ocoee Oil Company Income Statement For the Year Ended December 31, 2011 63,000 87,000 Gross margin . . . Other expenses . 4,500 12,400 48,900 38,100 200

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