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Prepare a partial statement of cash flows for this company using the indirect method. information is in the picture below. Using the Indirect Method, prepare

Prepare a partial statement of cash flows for this company using the indirect method. information is in the picture below.image text in transcribed

Using the Indirect Method, prepare a partial Statement of Cash Flows for XYZ Corp. Partial Balance Sheet and other financial statement information: Accounts Receivable Inventory Prepaid Rent Totals Accounts Payable Income Taxes Payable Interest Payable Totals December 31 2017 2016 60,000 52,000 47,000 57,000 34,000 32,000 $ 141,000 $ 141,000 43,000 36,000 23,000 27,000 32,000 29,000 98,000 92,000 Net Income for 2017 is $ 72,000 Depreciation Expense is $ 37,000 Assume that all purchases and sales were made on account

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