Using the income statement and balance sheets of AlHada Water Company, prepare a statement of cash flows for the year ended December 31, Year 9, (using the indirect method).

AlHada Water Company Income Statement For Year Ended December 31, Year 9 Sales 1000 Cost of goods sold (650) Depreciation expense (100) General Expenses (100) Interest expense (50) Income Tax expense (40) Net Income 60 Year 9 AlHada Water Company Balance Sheets December 31, Year 9 and Year 8 Year 8 Assets Cash 50 Accounts receivable, net 500 Inventory 750 Current assets 1,300 Fixed assets, net 500 Total assets $1,800 Liabilities and Equity Accounts payable 590 Deferred income tax 300 Interest payable 10 Current liabilities 700 Long-term debt 300 Long term notes payable to banks $ 100 Capital stock 400 Retained earnings 100 Total liabilities and equity $1,800 60 520 770 1,350 550 $1,900 615 310 20 710 350 $ 75 400 130 $1,900