Prepare the statement of cash flows for Franklin Company using the indirect method. Show your working. Franklin Company Income Statement For the Year Ended December 31,2015 Revenues Depreciation expense Other operating expenses 7,100 Income before income taxes Interest expense Income tax expense Net income $9,000 S 650 .750 $1,250 440 270 S 540 Franklin Company Balance Sheet December 31, 2015 and 2014 2015 2014 2015 2014 Assets: Cash A/R Inventories Plant & Equip. Less: Acc. Depr. Total Assets Liab. & SE: S 230 510 980 480 A/P 590 960 LT debt 550 280 830 3,140 2,150 Common Stock 1,100 1,350 (1.520) (87) Retained Earnings 840300 S3.340 3.310 Total Liab. & SE S3.340 $3.310 $ 370 120 910 Inc.Taxes/Pay