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please show work ans calculations. Accounts payable Accounts payable, and of year. 3, 4 54-42. Preparing a Statement of Cash Flows (Indirect Method) The following

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Accounts payable Accounts payable, and of year. 3, 4 54-42. Preparing a Statement of Cash Flows (Indirect Method) The following financial statements were issued by Hoskins Corporation for the fiscal December 31, 2018 All amounts are in millions of U.S. dollars December 31, 2013 Balance Sheets December 31, 2017 $ 300 600 400 400 13 1,700 2700 6,200 (2,100) 6,100 (1.750) 4350 4,100 $5,800 $7056 Assets Cash Accounts receivable Inventory Prepaid expenses Current assets Property, plant, and equipment at cost. Less accumulated depreciation Property, plant, and equipment, net Total assets. Liabilities and Shareholders' Equity Accounts payable Income tax payable Short-term debt. Current liabilities Long-term debt Total liabilities Contributed capital Retained earnings Total shareholders' equity. Total liabilities and shareholders' equity $ 800 100 2700 3,600 $ 400 200 1.200 1.800 1.000 2,800 800 2.200 3,600 800 2.650 3,000 3.450 $5,800 $7.050 Income Statement Fiscal year 2018 Sales revenues Cost of goods sold Gross profit Selling general and administrative expenses Depreciation expense. Operating income Interest expense Income before income tax expense Income tax expense $6,500 3.400 3,100 1,450 350 1,300 350 950 Net income $ 700 Additional information: 1. During fiscal year 2018, Hoskins Corporation acquired new equipment for $1,200 in cash. In addition, the company disposed of used equipment that had original cost of $1,300 and accu- mulated depreciation of $700, receiving $600 in cash from the buyer. 2. During fiscal year 2018, Hoskins Corporation arranged short-term bank financing and bor- rowed $1,500, using a portion of the cash to repay all of its outstanding long-term debt. 3. During fiscal year 2018, Hoskins Corporation engaged in no transactions involving its com- mon stock, though it did declare and pay in cash a common stock dividend of $250. REQUIRED Prepare a statement of cash flows (all three sections) for Hoskins Corporation's fiscal year 2018, using the indirect method for the cash from operations

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