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Please prepare of Statement of cash flows using the indirect method Sales Cost of Goods Sold Gross Profit Operating Expenses Insurance Expense Beaumont Organic Foods

Please prepare of Statement of cash flows using the indirect method

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Sales Cost of Goods Sold Gross Profit Operating Expenses Insurance Expense Beaumont Organic Foods Ltd. Income Statement Year Ended Dec 31, 2022 6,773,924 (3,866,350) 2021 5,700,000 (3,135,000) 2,907,574 2,565,000 (22,200) (14,400) Sales and Warehouse Salaries (719,000) (490,000) Sales Bonus Expense (180,000) Distribution and Warehouse Expenses (855,400) (658,000) Office and administrative expense (290,000) (150,000) Marketing and advertising expense (170,000) Bad debts expense Utilities expense (41,275) (21,000) Depreciation expense (175,000) (46,700) Loss on inventory (expense) (38,000) Bank service charges and overdraft fees (120) Rent expense (175,000) Total Operating Expenses (2,511,995) Operating Profit Non-Operating Items Interest expense Gain on sale of equipment Profit before tax Income tax expense Profit 395,579 (1,534,100) 1,030,900 (191,602) (43,724) 2,000 (189,602) (43,724) 205,977 987,176 (41,195) (148,076) 164,782 839,100

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