prepare a statement of cash flows using indirect method.

JS Support Question 4 View Policies Current Attempt in Progress The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $35,900 Accounts receivable 32,850 Inventory $19,550 19,100 20,200 77,600 (23,000) $113,450 26,600 59,500 (29,500) $125,350 Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable $28.750 $16.950 Income taxes payable 7.400 8,100 Bonds payable 28,000 32,750 14,100 Common stock 17,050 Retained earnings 44,150 41,550 Total $125,350 $113,450 NOSKER COMPANY NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue $242,250 175,600 Cost of goods sold Gross profit 66,650 Operating expenses 23,750 Income from operations 42.900 Interest expense 3.650 Income before income taxes 39,250 Income tax expense 7.900 Net income $31.350 Additional data 1 Dividends declared and paid were 528.750. 2. During the year, equipment was sold for $8.250 cash. This equipment cost $18.100 originally and had a book value of $8.250 at the time of sale 3 All depreciation expense 516,350. is in the operating expenses 4. All sales and purchases are on account 15.000 or in Prepare a statement of cash flows using the Indirect method Show amounts that decrease cash flow with either asi parenthesis 15,000) NOSKER COMPANY Statement of Cash Flows Austments to reconcile net income eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Anwwe