Statement of Cash Flows (Indirect Methed) Arctic Company's income statement and comparative balance sheets as of December 31 of 2013 and 2012 follow ARCTIC COMPANY For the Year Ended ales Revene Cost off Goods Sold $640 800 Wages Expense Advertising Experse 37,200 Depredason Experse 26,400 31, 2013 228,000 21,600 Gain on Sale of Land 0.000)924 000 50,400 Net Loss ARCTIC COMPANY Dec. 31, 2013 Dec. 31,2012 604306 Prepaid Adsg 32.000640 360067.0 Equity 5 6 7 8