Saved Help 5 3 points MONTGOMERY INCORPORATED Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Salaries expense Depreciation expense Income before taxes Income tax expense Net income $ 45,575 (18,950) 26,625 5,550 7,200 13,875 3,375 $ 10,500 Additional Information on Current-Year Transactions ebook References a. No dividends are declared or paid. b. Issued additional stock for $10,000 cash. c. Purchased equipment for cash; no equipment was sold. Required: Use the above information to prepare a statement of cash flows for the current year using the indirect method. Navigation