The following are the financial statements of Nosker Company. Please help with the statement of cash flows. Please try to follow the format. Will give a good rating if you do. thank you

Problem 13-7A The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $ 38,000 Accounts receivable 30,000 Inventory 27,000 Equipment 60,000 Accumulated depreciation-equipment (29,000) Total $126,000 2016 $20,000 14,000 20,000 78,000 (24,000) $108,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 24,000 7,000 27,000 18,000 50,000 $126,000 $ 15,000 8,000 33,000 14,000 38,000 $108,000 NOSKER COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $242,000 175,000 67,000 24,000 43,000 3,000 40,000 8,000 $ 32,000 Additional data: 1. Dividends declared and paid were $20,000. 2. During the year equipment was sold for $8,500 cash. This equipment cost $18,000 originally and had accumulated depreciation of $9,500 at the time of sale. 3. All depreciation expense, $14,500, is in the operating expenses. 4. All sales and purchases are on account. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) NOSKER COMPANY Statement of Cash Flows Adjustments to reconcile net income to LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Compute free cash flow. Free Cash Flows LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR