Statement of Cash Flows (Direct and 2015 follow t Method) The Dairy Company's income statement and comparative balance sheets as of December 31 of 2016 DAIRY COMPANY Income Statement For the Year Ended December 31, 2016 Sales Revenue Cost of Goods Sold Wages and Ocher Operating Expenses95,000 Depreciation Expense Patent Amortization Expense interest Expense Income Tax Expense Loss on Bond Retirement Net Income 700,000 460,000 22,000 7,000 0,000 6,000 5000 635,000 65,000