Required: Prepare a statement of cash flows using the indirect method which the Managing Director can use to explain to the shareholders the changes in cash over the year. Erica Mayers Inc Statement of Cash flows For the year ended December 31, 2019 Cash flow from operating activities Net income $ Depreciation expense $ Loss on sale of equipment $ Gain on sale of investments Change in accounts receivable Change in marketable securities $ Change in inventory Change in prepaid expenses Change in accounts payable $ Change in accrued liabilities Net cash flow from Operating activities Cash flow from investing activities Purchase of Equipment Required: Prepare a statement of cash flows using the indirect method which the Managing Director can use to explain to the shareholders the changes in cash over the year. Erica Mayers Inc Statement of Cash flows For the year ended December 31, 2019 Cash flow from operating activities Net income $ Depreciation expense $ Loss on sale of equipment $ Gain on sale of investments Change in accounts receivable Change in marketable securities $ Change in inventory Change in prepaid expenses Change in accounts payable $ Change in accrued liabilities Net cash flow from Operating activities Cash flow from investing activities Purchase of Equipment