The following are the financial statements of Nosker Company.

Question 3 of 3 The following are the financial statements of Nosker Company. 2019 $20.150 NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash $34,300 Accounts receivable 32.800 Inventory 26.900 Equipment 59.900 Accumulated depreciation-equipment (29,400) Total $124.500 18.900 20.650 77.950 (23,550) $114,100 $28,600 $ 16,050 7.300 8,200 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 27.200 33,300 18,000 13.700 43.400 42.850 $124,500 $114 100 NOCVED COMDANV MacBook Pro NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue $241.900 Cost of goods sold 175,200 Gross profit 66,700 Operating expenses 24,300 Income from operations 42.400 Interest expense 2,300 Income before income taxes 40,100 Income tax expense 7.750 Net income $32,350 Additional data: 1. 2. Dividends declared and paid were $31.800. During the year, equipment was sold for $8,250 cash. This equipment cost $18,050 originally and had a book value of $8,250 at the time of sale All depreciation expense, $15,650, is in the operating expenses. All sales and purchases are on account. 3. 4 (a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signes -15,000 or in parenthesis eg. (15,000)) NOSKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 Net Cash Provided by Operating Activities Net Income 32350 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Increase in Inventory Incenin