QUESTION 1 Incomplete answer Marked out of 29.00 Flag question Statement of Cash Flows (Indirect Method) The Rural Company's income statement and comparative balance sheets as of December 31 of 2013 and 2012 are shown below: RURAL COMPANY Income Statement For the Year Ended December 31, 2013 Sales Revenue $819,000 Cost of Goods Sold $488,800 139,100 Depreciation Expense 26,000 36,400 Wages Expense Rent Expense Income Tax Expense 40,300 730,600 88,400 Net Income RURAL COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 Assets Cash Accounts Receivable Inventory Prepaid Rent Plant Assets $48,100 78,000 143,000 15,600 390,000 162,500) 136,500) $518,000 $414,000 $26,000 67,600 178,100 18,200 546,000 Total Assets Liabilities and Stockholders' Equity Accounts Payable Wages Payable Income Tax Payable Common Stock Paid-in-capital in excess of par value Retained Earnings Total Liabilities and Stockholders' Equity $37,700 15,600 6,500 382,200 93,600 137,800 $518,000 $22,100 9,100 10,400 327,600 75,400 93,600 $414,000