Please help ASAP please!

P12-2 (Algo) Preparing a Statement of Cash Flows (Indirect Method) LO12-1, 12-2, 12-4, 12-6 5 OOR BGP Electrical Supply is developing its annual financial statements at December 31, current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized. Current Year Peser Year Balance sheet at December 31 Cash $37,600 $10,000 accounts receivable 33,000 29,100 Merchandise inventory 41,000 35,600 Property and equipment 122.300 101.000 Les Accumulated depreciation (1,400) (25.500 $202, 500 $1,200 Accounts payable 37,100 320,400 Accrued wages expense 2.000 2,200 Note payable long-tere 45,00 53.00 Con stock and additional paid in capital 0,100 73,300 Retained in 28,000 16,100 $102,500 5171,200 Income statement for current year Sales $125,000 Cost of sold 75.000 Other pe Net in 3.11.200 Additional Data a. Bought equipment for cash $21,300 b. Pald $7.900 on the long-term note payable c.Issued new shores of stock for $16,800 cash MA Connon stock and additional paid in capital Retained earnings 90, 100 28.000 $202,500 73,300 16,300 $175,200 Income statement for current year Sales Cost of goods sold other expenses Net Income $125,000 75,000 35100 $ 11,700 Additional Data: a. Bought equipment for cash $21.300 b. Paid $7.900 on the long term note payable. c.Issued new shares of stock for $16.800 cash d. No dividends were declared or paid. e. Other expenses included depreciation, $5.900: wages, $20,400; taxes. $6.900 other $5100 1 Accounts payable includes only inventory purchases made on credit, Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash Required: 1. Prepare the statement of cash flows for the year ended December 31, current year, using the Indirect method. (List cash outflows as negative amounts.) BGP ELECTRICAL SUPPLY Statement of Cash Flows met rrent Year Hele Sveta S 7 Chuyo BGP ELECTRICAL SUPPLY Statement of Cash Flows For the Year Ended December 31. Current Year Castowstroming 115 Ants to recent controved by powing active Cash flow owesting activ