Question: 4 4) Income Statement for the Year $1,500 $1,300 20 10 40 Sales Expenses COGS Depreciation Goodwill Int. Expenses Total expenses Income from cont. op. Gain on sale Income before tax Income tax Net Income 1.370 130 30 160 64 $96 $30 20 50 80 Additional Information: Dividends paid Common stock issued Equipment purchased Bonds issued Fixed asset sold for (original cost of $100 with accumulated depreciation of $70) Accounts receivable decreased by Inventory decreased by Accounts payable increased by Wages payable decreased by 60 30 20 20 10 CALCULATE 1. CASH FLOW FROM OPERATING DIRECT & INDIRECT METHOD 2. CASH FLOW FROM INVESTING & FINANCING *Good Luck