VIZOLT CORPORATION Income Statement Tuesday, December 31 Revenues and gains Net Sales 2,700,000.00 Interest Revenues 18,000.00 Gain on Sale of Marketable Securities 93,000.00 Total Revenue and Gains 2,811,000.00 Costs, expenses and losses COGS 1,500,000.00 Operating Expenses (including depreciation 120,000) 900,000.00 Interest Expense 105,000.00 Income Tax Expense 108,000.00 Loss on Sale of plant assets 12,000.00 Total costs, expenses and losses 2,625,000.00 NET INCOME 186,000.00 A-Prepare Cash FLOWS Statement using Direct METHOD: (40 points) B-Prepare Net Cash FLOWS from Operating Activities using INDIRECT METHOD: (15 points)