Please use the below income statement and balance sheet to answer the yellow boxes. Please refer to the corresponding cells (Example: A9, B8 etc...)

Income Statement:

Balance Sheet:

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 4worksheet. Note: Blank cells may be included in calculations INNOVATION ELECTRONICS, INC Statement of Cash Flows For the Year Ended December 31,20X2 rating Activities: 9Cash Flows from 10 Net income 1 Adiustments to reconcile net income to net cash 12 provided b 13 Depreciation expense 14 Gain (on sale of land) 15 Changes in current assets and current liabilities: 16 rating activities: Accounts receivable 17 Invento 18 Prepaid insurance 19 Accounts pavable 20 Interest pavable 21 Income tax pavable 22 Net cash provided by (used in) operating activities 23 24 Cash Flows from Investing Activities