Prepare a statement of cash flow using the Indirect method for period ending 12/31/2016

Toys For Kids, Inc. Toys For Kids, Inc. ncome Statement Balance Sheet For the Period Ending 12/31/2016 As of December 31, 2015 and 2016 Figures in Whole Dollars) (Figures in Whole Dollars) cost of sold 22,300 Cash 43,050 23925 Other Operating Expenses Accounts Receivables 34,125 39,825 Depreciation Expenses 25,500 Merchandise Inventory 156,000 146475 Gross Margin 78,000 3.600 1.650 Prepaid Expenses Other Gain and (Losses): Accumulated depreciation Equipment (61.950) (47.550) 3,300 Loss on Sale of Equipment 310,650 311,025 Loss on Retirement of Bonds 825 (4.125) Total Assets Net Income Before Taxes 73.675 (13725) Liabilities and Equity: Income Taxes Accounts Payable 28,800 33,750 Net Income After Taxes Income Taxes Payable 5,100 4425 Dividends Payable 4,500 60,150 Bonds Payable 37,500 Common stock 168,750 168,750 Retained Earnings 108,000 62,100 310,650 311,025 Total Liabilities and Equity Additional Information: 1. Equipment costing S21,375 with accumulated depreciation of $11,100 sold for cash 2. Equipment purchases for cash 3. All sales are made on account 4. Prepaid expenses relate to "other operating expenses" equired: Prepare statement of cash flows using Direct method for the period Ending 12/31/2016. quired: Prepare statement of cash flows using Indirect method for the period Ending 12/31/2016