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Prepare a cash flow statement using an indirect method. Ocean Freight, Inc. Income Statement For year ended, $ thousands Revenue Cost of revenue Gross profit

Prepare a cash flow statement using an indirect method.

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image text in transcribed Ocean Freight, Inc. Income Statement For year ended, \$ thousands Revenue Cost of revenue Gross profit Product development Marketing and administrative Amortization of intangibles Restructuring and other, net Total operating expenses Income from operations Interest income Interest expense Other, net Other expense, net Income before income taxes (Benefit) provision for income taxes Net income \begin{tabular}{cccc} \multicolumn{2}{c}{ActualDec.2022} & ProjectedDec.2023 \\ \hline$ & 10,390 & $ & 10,910 \\ & 7,458 & & 7,833 \\ \hline$ & 2,932 & $ & 3,077 \\ & 991 & & 1,036 \\ & 453 & & 480 \\ & 23 & & 23 \\ & (22) & - \\ \hline$ & 1,445 & $ & 1,539 \\ & 1,487 & & 1,538 \\ & 84 & & 84 \\ & (224) & & (224) \\ & 25 & & 25 \\ \hline$ & (115) & $ & (115) \\ \hline$ & 1,372 & $ & 1,423 \\ & (640) & & 299 \\ \hline$ & 2,012 & $ & 1,124 \\ \hline \hline \end{tabular}

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