there's no balance sheet to this question

there's no balance sheet to this question

there's no balance sheet to this question

no balance sheet

2 13 Statement of Cash Flows ROCASTLE ple Income Statement For the Year Ended December 31, 2017 Sales revenue 286,000 Cost of goods sold 204,000 Gross profit 82,000 Operating expenses 37,000 Income from operations 45,000 Interest expense 7,000 Income before income taxes 38,000 Income tax expense 10,000 Net income 28,000 Additional data: 1. Depreciation expense was 6,000. 2. Dividends of 25,000 were declared and paid. 3. During the year, equipment was sold for 12,000 cash. This equipment cost 15,000 originally and had accumulated depreciation of 3,000 at the time of sale. 4. Additional equipment was purchased for 7,000 cash. Instructions (a) Prepare a statement of cash flows using the indirect method. (b) Compute free cash flow. (a) Cash from operations (5,000) 31 otv "/A MacBook Pro