Prepare a statement of cash flows using the indirect method. 1. Use the income statement and balance sheet to prepare a statement of cash flows using the indirect method. Prepare a statement of cash flows using the indirect method-Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEWVIEW Sign In Calbri I UA Alignment Number Conditional Format as Cell Cells Editing Paste Clipboard r A1 Formatting Table Styles Font E Required: 1 Required: 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. 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 Prepare a statement of cash flows using the indirect method. 1. Use the income statement and balance sheet to prepare a statement of cash flows using the indirect method. Prepare a statement of cash flows using the indirect method-Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEWVIEW Sign In Calbri I UA Alignment Number Conditional Format as Cell Cells Editing Paste Clipboard r A1 Formatting Table Styles Font E Required: 1 Required: 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. 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