Prepare a statement of cash flow using the direct method for a company with the following income statement and balance sheets.

10 points Prepare a statement of cash flowu following i g the direct method for a company with the income statement and balance sheets Icome Statement for the Year 2014 Sales revenue Expansas $150,000 Cost of goods sold Wages SG&A expenses Dapreciation Goodwill amortization $63,000 6,000 1,500 7,500 Total expenses $79,500 Income from continuing operations $70,500 Gain from sale of land Pretax income Provision for taxes $85,500 29,500 Net income $56,000 Common dividands daclared $17,000