QUESTION 13 Using the Indirect method, complete the Statement of Cashflows for the following Income Statement $562,000 365,300 196,700 Breakwater Boats Income Statement For the Year Ended December 31, 2018 Sales Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense Other Operating Expenses Total Operating Expenses Income from Operations Other Income and Expenses Gain on Sale of Land Income before Income Tax Expense Income Tax Expense Net Income 1,700 61,200 62,900 133,800 16 6,000 139,800 48,930 $90,870