Required: Complete the following income statement for Bolden Company. Assume all accounts payable are to suppliers

c ivities for both the indirect and direct methods are presented for Bolden Company. Assessment Tool iFrame Cash Flows from Ope rating Activities (Indirect method) Net income Adjustments to reconcile net income to net Depreciation expense Increase in accounts receivable Increase in accounts payable Increase in income tax payable Net cash flows from operating activities Cash Flows from Operating Activities (Direct Cash received from customers Cash paid for operating expenses Cash paid for income taxes Net cash flows from operating activities Required: cash flows from operating activities: method) $35, 700 8, 700 (12,700) 7, 700 5, 700 $45, 100 $81,500 (25,700) (10,700) $45 , 100 Complete the following income statement for Bolden Company. Assume all accounts payable are to suppliers. BOLDEN COMPAN Income Statement For the Year Ended December 31, 2024 Net sales Expenses: Operating expenses Depreciation expense Income tax expense Total expenses Net income 8,700 35,700