please express all answers as excel formulas and show all work. thank you!!!

A1 Required: A E B C D 1 Required: 2 Complete the statement of cash flows (indirect method) shown below by using formulas that reference 3 data from the income statement and balance sheet (found by clicking the tabs at the bottom of this 4 worksheet. Note: Blank cells may be included in calculations. INNOVATION ELECTRONICS, INC. Statement of Cash Flows For the Year Ended December 31, 20X2 9 Cash Flows from Operating Activities: 10 Net income 11 Adjustments to reconcile net income to net cash 12 provided by operating activities: 13 Depreciation expense 14 Gain (on sale of land) 15 Changes in current assets and current liabilities: 16 Accounts receivable 17 Inventory 18 Prepaid insurance 19 Accounts payable 20 Interest payable Income tax payable 22 Net cash provided by (used in) operating activities 24 Cash Flows from Investing Activities: ... Income Statement Balance Sheet Cash Flow ... 22 Net cash provided by (used in) operating activities 23 24 Cash Flows from Investing Activities: Purchase investments 26 Sale of land 27 Net cash provided by (used in) investing activities 28 29 Cash Flows from Financing Activities: 30 Issue common stock 31 Issue long term note 32 Net cash provided by (used in) financing activities 33 Net increase (decrease) in cash 34 Cash at beginning of the period 35 Cash at end of the period 36 37 38 39 40 42 43 E F G B D 1 Note: To complete the assignment, go to the worksheet tab labeled Cash Flow 2 and complete the statement of cash flows. INNOVATION ELECTRONICS, INC. Income Statement For the Year Ended December 31, 20X2 Net sales $ Gain on sale of land 2,430,000 6,500 Total revenues 2,436,500 13 $ Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense 1,565,000 598,000 16,000 17,000 63,000 Total expenses 2,259,000 21 Net income $ 177,500 1 ... Income Statement Balance Sheet Cash Flow ... + AI Nule. IU LUMpele lile assigment, gu cu te WUIKSleel lau labeleu Casil T'IUW D E F G A 1 AT A B C Note: To complete the assignment, go to the worksheet tab labeled Cash Flow 2 and complete the statement of cash flows. Note: Additional information is included at the bottom of the statement. INNOVATION ELECTRONICS, INC. Balance Sheet At December 31 20X2 1 20X1 8 Assets 9 Current assets: 10 Cash $ 184,420 $ 25,740 Accounts receivable 1 68,700 83,000 12 Inventory 134,500 128,000 Prepaid insurance 2,980 4,560 14 Long-term assets: 15 Investments 211,000 120,000 16 Land 208,500 255,000 Equipment 203,000 203,000 Accumulated depreciation (117,500) (101,500) 11 13 Total assets $ 895,600 $ 717,800 23 24 25 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ ... Income Statement Balance Sheet 81,000 26,500 Cash Flow $ ... +