Problem 17-07A (Video) The following are the financial statements of Nosker Company. 2019 NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash $34,450 Accounts receivable 32,650 Inventory 26,400 Equipment 59,550 Accumulated depreciation-equipment (29,000) Total $124,050 $20,700 18,100 20,250 77,650 (23,250) $ 113,450 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,600 7,350 27,800 19,000 41,300 $124,050 $ 16,150 8,500 33,600 13,050 42,150 $113,450 NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $242,650 176,650 66,000 24,400 41,600 3,850 37,750 8,900 $28,850 LUS Hele System Announcements CES Additional data: 1. Dividends declared and paid were $29,700. 2. During the year, equipment was sold for $7,700 cash. This equipment cost $18,100 originally and had a book value of $7,700 at the time of sale. 3. All depreciation expense, $16,150, is in the operating expenses. 4. All sales and purchases are on account. tudy Prepare a statement of cash flow ing the Indirect method. (Show amounts that decrease cash flow with other a NOSKER COMPANY stato a Row s 15.000 or parenthesis (15,000).) Adjustments to reconde come to OURCES ework 2 (Video 2 Study LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Free Cash Flow Click if you would like to Show Work for this question: Coen Show Work LINK TO TEXT LINK TO TEXT