Please give me with using the exact Excel Formulas!!!

Use the income statement and balance sheet to prepare a statement of cash flows using the indirect method

E 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. 5 7 8 6 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 21 Income tax payable 22 Net cash provided by (used in) operating activities 23 23 24 Cash Flows from Investing Activities: 25 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 A1 fx The following information is for A B E D 1 The following information is for FloorCo, Inc. for the year just ended: 2 8 4 End of year year 5 Current assets: 6 Cash $ 75,000 $ 90,000 7 Accounts receivable 158,000 140,000 Inventory 285,000 246,000 9 Prepaid expenses 11,000 16,000 10 11 Current liabilities 12 Accounts payable 284,000 302,000 13 Accrued liabiities 9,500 11,200 14 Income taxes payable 27,000 24,000 15 16 Net income $ 94,500 17 18 Accumulated depreciation 19 total credits $ 45,000 20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. 24 25 FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 26 27 $ 94,500 $ 30 31 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: Depreciation 45,000 Increase in accounts receivable (18,000) 32 Increase in inventory (39,000) 33 Decrease in prepaid expenses 5,000 Decrease in accounts payable (18,000) Decrease in accrued liabilities (1,700) Increase in income taxes payable 3,000 37 Net cash provided by operating activities 34 35 36 (23,700) 70.800 $ 38 39