prepare the statement lf cash flows using the indirect method for the operating section

Ended Dec 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses 436,000 206,200 Salaries Expense Depreciation Expense Rent Expense Miscellaneous Expenses 78,400 14,300 19,200 10,000 Total Operating Expenses 121,900 107,900 Operating Income Other Income and (Expenses): Interest Revenue 8,300 (21,000) Interest Expense Total Other Income and (Expenses) Net Income 95,200 Oliver, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Assets 2018 2017 Curent Assets: 26,500 $ 26,600$ 79,400 $ 15,100 25,300 91,100 Cash Accounts Receivable Inventory Long-term Assets: 7,000 34,600 $ Land Equipment Accum Depreciation - Equipment $115,400$108,520 (18,500) S 264,000 $ (16,820) 230,200 Total Assets Liabilities Current Liabilities: 30,800 30,000 35,500 $ 28,000 $ Accounts Payable Accrued Liabilities 78000 $ 103,000 141,500 $ Long-term Liabilities: Notes Payable 163,800 Total Liabilities Stockholders' Equity 64,400 88,400 $ Common Stock, no par Retained Earnings Total Stockholders' Equity Total iabilities and Stockholders' Equity 264,000$ $34,100 $2,000 s 122,500 $ 66,400 230.200 Additional Information: Oliver, Inc. purchased land of S2 7,600. The land was 100% financed with long-term notes payable during 2018 During 2018, there were no sales of land, no retirements of stock, and no treasury stock transactions Equipment was disposed of for $0 and the cost and accumulated depreciation of the disposed equipment was $12,620. .The equipment purchase was paid for with cash