To earn the extra credits, you MUST complete this statement of cash flow and PRINT it out. I will collect it on Dec. 3rd class. I ONLY accept HARD COPY! 1. Suppose the income statement for Lily Company reports 595 of net income, after deducting depreciation of 535. The company bought equipment costing S60 and obtained a long-term bank loan for S70. The comparative balance sheet below shows a few current assets and current liabilities accounts. Previous Year $35 Cash Accounts Receivable Inventory Salaries and Wages Payable 75 260 SIO Current Year $240 175 135 Change Increase 205 Increase 100 Decrease 125 Increase 40 $50 1. Based on above information, prepare a statement of cash flows using the indirect method. Lily COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Net Cash Used in Investing Activities Cash Flows from Financing Activities: Net Cash Provided by Financing Activities Net Increase in Cash Cash. Beginning of Current Year Cash. End of Current Year