Required: Prepare a cash flow statement, in good form, using the indirect method for operating activities, The income statement of Orion Company for the year ended December 11, 2017 is as follow Onion Company Income Statement for the Year Ended December 31, 2012 1,000,000 2,000 14.000 16000 Orion Company's partive balance sheets for 2016 and 2017 and presented below Orion Company Balance Sheets December 31 2017 2016 Decrease) Assets Cash 337,000 246,000 91.000 Accounts receivable.net 420,000 20.000 140,000 Marketable securities 15,000 0 15.000 Inventarios 520.000 440,000 80,000 Land 650.000 400.000 250.000 Plant and equipment 1.190.000 1.266.000 (106.000) Less: Accumulated depreciation (180,000) 200,000) 20,000 Total assets 2.922,000 2.432.000 490.000 Lisbilities and Stockholders' Equity Liabilities Accounts payable 650,000 500,000 Accrued wages 540,000 $20,000 20,000 Long-term bonds due 7/1/2021) 260.000 160.000 (100.000) Total liabilities 1.450,000 110.000 NO.000 Stockholders equity Common stock and APIC 90,000 750.000 206,000 Retained caming 196.000 292.000 204,000 Total stockholders quity 1.462.000 1.052.000 410,000 Total lives and stockholders equity 22222.000 2432.000 490,000 Sales Gain on sale of surketaste securities Gains extinguishment of deht Total revenue and gains Expenses Cost of goods sold Perwelt Depreciation Los on sale of equipment Interest Miscellaneous Total expenses Income before income taxes Income tax expertise Net income 720,000 16.000 40,000 8.000 32.000 16.000 1.202.000 414,000 200,000 344000) Other informatica 1. On Jan 11, 2017 Orion purchased land for $170,000 cash 2. Olan 23, 2017. Orion extinguished long tom hands with a face value of $140,000 On Feb, 2017. Orion, 400 shares of common stock for cash. The stock was dat $15 pet share 4. Onon purchased marketable securities for SM.000 on Mar 15, 2017: one-half of the writies were later soldu. 2017 5. On June, 2017. Orion id 7.000 shares of common stock for land. The common stock and land had censurket value of 580.000 the time of the transaction 6. On July 1, 2017, Orion declared and paid a 540,000 cash dividend 7. On Out I 2017. Orion sont en 5166.00, with a bookdal of S.000 for $1,000 h