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Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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Presented below are the financial statements of Metlock Company Metlock Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash $122,150 $69,800 Accounts receivable 69,800 48,860 Inventory 97,720 69,800 Property, plant, and equipment 209,400 272,220 Accumulated depreciation (111,680 (83,760 Total $387,390 $376,920 Liabilities and Stockholders' Equity Accounts payable 2 66,310 $ 52,350 Income taxes payable 24,430 27,920 Bonds payable 59,330 115,170 Common stock 62,820 48,860 Retained earnings 174,500 132,620 Total $387,390 $376,920

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