Micro Corp. Income Statement for the year 2017 in millions Revenues COGS SG&A Depreciation Operating Income Other Income Pre-Tax Income Tax Expense Net Income $89.950 25,483 33,363 8,778 22,326 823 23,149 1.945 $21,204 O Micro Corp. Balance Sheets As of December 31 in millions 2016 2017 Current Assets: Cash Accounts Receivable Inventory Other Total Current Assets $113,240 $132,981 18,277 19,792 2,251 2,181 5,892 4,897 139,660 159,851 PP&E, Net 53,808 81,235 Total Assets $193,468 $241,086 Current Liabilities: Accounts Payable Notes Payable Taxes Payable Other Payables Total Current Liabilities $6,898 12,904 580 38.975 59,357 $7,390 10.121 718 46,298 64,527 Current Liabilities: Accounts Payable Notes Payable Taxes Payable Other Payables Total Current Liabilities $6,898 12,904 580 38,975 59,357 $7,390 10,121 718 46,298 64,527 Long Term Debt Total Liabilities 62.114 121,471 104.165 168,692 Shareholder's Equity Common Stock Retained Earnings Total Shareholder's Equity 68,178 3.819 71,997 69,315 3.079 72,394 Total Liabilities - Equity $193,468 $241,086 13. Use the Micro Corp. financial statements to construct a Statement of Cash Flows for 2017. Use the indirect method. (20 pts) Micro Corp. Statement of Cash Flows For the year ended December 31, 2017 In millions CASH FLOWS FROM OPERATING ACTIVITIES: Net cash flows from Operating Activities: CASH FLOWS FROM INVESTING ACTIVITIES: Net cash flows from Investing Activities: CASH FLOWS FROM FINANCING ACTIVITIES: Net cash flows from Investing Activities: CASH FLOWS FROM FINANCING ACTIVITIES: Net cash flows from Financing Activities: Net Increase (Decrease) in cash