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Statement of cashflow Demonstration Company Demonstration Company Income Statement Comparative Balance Sheet Accounts 2016.01.01 ~2017.01.01 2016 2017 Revenue Current Asset Sales Revenue 500,000 Account Receivable

Statement of cashflow

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Demonstration Company Demonstration Company Income Statement Comparative Balance Sheet Accounts 2016.01.01 ~2017.01.01 2016 2017 Revenue Current Asset Sales Revenue 500,000 Account Receivable 35,000 $ 40,000 Total Revenue 500,000 Prepaid Rent $ 20,000 $ 15,000 Inventory $ 15,000 $ 25,000 Expense Cash & Cash Equivalents 55,000 S 40,000 Cost of goods Sold 250,000 Operating expense 55,000 Current Liabilities Depreciation expense 25,000 Accounts Payable 15,000 13,000 Interest expense 5,000 Interest Payable 3,500 $ 5,500 Income tax expense 3,500 Tax Payable 3,000 $ 5,000 Total Expense 338,500 Long- Term Loan $ 10,000 $ 5,000 Net Income S 161,500 Question: Create a operating Cash flow statement using the information above Demonstration Company Statement of Cash Flows (Indirect Method) For the Year End December 31, 2016 Cash flows from operating activities: Net cash flow provided by operating activities

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