Problem 13-A (Part LIVUI SUDMIssion) Presented below are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2015 2014 Cash $34,510 $20,130 Accounts receivable 32.720 19,360 Inventory 26,760 20,780 Equipment 59,470 77,810 Accumulated depreciation- (29,350) (23,180) equipment Total $124,110_ $114,900 Liabilities and Stockholders Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,510 7,450 27,750 18,930 41,470 $124,110_ $16,430 8,290 33,190 13,610 43,380 $114,900 NOSKER COMPANY Income Statement For the Year Ended December 31, 2015 Sales revenue $242,470 Cost of goods sold 176,360 Gross profit 66,110 Operating expenses 24.470 Income from operations 41,640 Interest expense 2.640 Income before income taxes 39,000 Income tax expense 7,840 Net Income $31. 160 Additional data: 1. Dividends declared and paid were $33,070. 2. During the year equipment was sold for $7.970 cash. This equipment cost $18.340 originally and had a book value of $7,970 at the time of sale. 3. All depreciation expense, $16,540, is in the operating expenses. 4. All sales and purchases are on account. Additional data: 1. Dividends declared and paid were $33,070. 2. During the year equipment was sold for $7,970 cash. This equipment cost $18,340 originally and had a book value of $7,970 at the time of sale. 3. All depreciation expense, $16,540, is in the operating expenses. 4. All sales and purchases are on account. (a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sian .. - 15,000 or in p NOSKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2015 Adjustments to reconcile net income to