Required: (1) Prepare a statement of cash flows using the indirect method for the year ended Jun be indicated with a minus sign.) IKIBAN, INC. Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2019 Cash flows from operating activities Net income $ 107,510 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense 62,600 Gain on sale of plant assets (2,400) Changes in current operating assets and liabilities Increase in accounts receivable Decrease in inventory Decrease in prepaid expenses Decrease in accounts payable Necrease in WARAS navale (16,000) 24,700 1,400 (7.000) (9 Anil Required: (1) Prepare a statement of cash flows using the indirect method for the year ended Jun be indicated with a minus sign.) IKIBAN, INC. Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2019 Cash flows from operating activities Net income $ 107,510 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense 62,600 Gain on sale of plant assets (2,400) Changes in current operating assets and liabilities Increase in accounts receivable Decrease in inventory Decrease in prepaid expenses Decrease in accounts payable Necrease in WARAS navale (16,000) 24,700 1,400 (7.000) (9 Anil