Prepare a schedule of net cash provided by operating activities. Prepare the Operating Activities Section of a Statement of Cash Flows using the Indirect... ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW K Calibri 11 AA % Paste BIU Cell Alignment Number Conditional Format as Formatting Table Styles Cells Editing Clipboard G A1 Font Styles fx The following information is for FloorCo, Inc. for the year just ended: A B C D E 1 The following information is for FloorCo, Inc. for the year just ended: 1 2 3 4 4 End of year Beginning of year 5 Current assets: 6 Cash $ 75,000 $ 90,000 7 Accounts receivable 158,000 140,000 8 Inventory 285,000 246,000 9 Prepaid expenses 11,000 16,000 10 11 Current liabilities 12 Accounts payable 284,000 302,000 13 Accrued liabiities 9,500 11,200 14 Income taxes payable 27,000 24,000 15 16 Net income $ 94,500 17 18 Accumulated depreciation 19 total credits $ 45,000 20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. F G H Sig Use the income statement and balance sheet to prepare a statement of cash flows using the indirect method FILE HOME INSERT Prepare a statement of cash flows using the indirect method - Excel ? Sign In Paste Clipboard B13 K PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri 11 A A % B I U A Alignment Number Font Conditional Format as Cell Formatting Table Styles Styles Cells Editing x fx 1 Required: A B D < > E F 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 4 worksheet. Note: Blank cells may be included in calculations. 5 6 7 8 INNOVATION ELECTRONICS, INC. Statement of Cash Flows For the Year Ended December 31, 20X2 9 Cash Flows from Operating Activities: 10 Net income 11 Adjustments to reconcile net income to net cash 12 provided by operating activities: 13 Depreciation expense 14 Gain (on sale of land) 15 Changes in current assets and current liabilities: 16 Accounts receivable 17 Inventory 18 Prepaid insurance 19 Accounts payable 20 Interest payable 21 Income tax payable 22 Net cash provided by (used in) operating activities 23 24 Cash Flows from Investing Activities: