The following are the financial statements of Nosker Company.

Problem 13-7A The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 20,000 14,000 20,000 Cash 38,000 Accounts receivable 30,000 Inventory 27,000 Accumulated depreciation-equipment (29.000) $126,000 (24,000) $108,000 Total Liabilities and Stockholders' Equity Accounts payable 15,000 8,000 24,000 7,000 Income taxes payable Common stock Retained earnings 18,000 14.000 38,000 $108,000 50,000 126,000 Total Income Statement For the Year Ended December 31, 2017 Sales revenue ods sold $242,000 67.000 Gross profit Operating expenses Income from operations Interest expense 24,000 43,000 3,000 taxes 40 8.000 $32,000 Income tax expen se Net income Additional data: 2. Du ds declared and paid we .500 cash. This equipment cost $18,000 originally and had accumulated depreciation $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 TEXT LINK TO TEXT LINK VIDEO: SIMILAR PROBLEM Compute free cash flow. Free Cash Flow