Statement of Cash Flows (Indirect Method) Wolff Company's income statement and comparative balance sheets follow. WOLFF COMPANY Income Statement For Year Ended December 31, 2019 $635,000 Sales Cost of goods sold Wages expense Insurance expense Depreciation expense Interest expense Income tax expense Net income Assets Cash Accounts receivable Inventory Prepaid insurance PPE $430,000 86,000 8,000 17,000 9,000 29,000 579,000 $56,000 Wages payable Income tax payable Bonds payable WOLFF COMPANY Balance Sheet Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Dec. 31, 2019 Dec. 31, 2018 $11,000 41,000 90,000 5,000 250,000 (68,000) $329,000 $7,000 9,000 7,000 130,000 $5,000 32,000 60,000 7,000 195,000 (51,000) $248,000 $10,000 6,000 8,000 75.000

Statement of Cash Flows (Indirect Method) Woifr Company's income statement and comparative balance sheets follow. B Appendix a HW a for MOD2 \begin{tabular}{|r|r|} \hline 10009 & 10000 \\ \hline 130000 & 1240000 \\ \hline \end{tabular} Note: Do not use negative shenswahyour answers b. Prepare a 2019 statement of cash fiows using the indirect method: Statement of Cash Flows (Indirect Method) Woifr Company's income statement and comparative balance sheets follow. B Appendix a HW a for MOD2 \begin{tabular}{|r|r|} \hline 10009 & 10000 \\ \hline 130000 & 1240000 \\ \hline \end{tabular} Note: Do not use negative shenswahyour answers b. Prepare a 2019 statement of cash fiows using the indirect method