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Prepare the Statement of Cashflows. Use the indirect method and the direct method (60 pts.) Presented below is the 2018 incOi Enterprises. ENTERPRISES ( $

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Prepare the Statement of Cashflows. Use the indirect method and the direct method

(60 pts.) Presented below is the 2018 incOi Enterprises. ENTERPRISES ( $ in thousands) Sales revenue cost of goods sold Depreciation Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Liabilities and Shareholders' Equity: Total liabilities and shareholders' equity $4,5601,205$40970 Note payable (due 12/31/2019) Common stock Retained earnings

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