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Problem 13-7A (Part Level Submission) The following are the financial statements of Nosker Company MOSKER COMPANY Comparative Balance Sheets December 31 Cash Accounts receivable $ 34,350 32,600 26,350 59.250 (29.700) $122.850 2016 $ 19,600 18,600 20,750 77,800 23.400) 113.350 Equipment Accumulated depreciation Total Liabilities and Stockholders Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 28,150 7.050 27.700 17.200 42.750 $122.850 $ 16,850 8,350 33.950 13.850 40,350 5113,350 NOSKER COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net Income $241,900 175.950 65.950 24.000 41.950 3.300 38,650 8.450 30.200 Additional data: 1. Dividends declared and paid were $27.800. 2. During the year equipment was sold for $7,650 cash. This equipment cost $18,550 originally and had accumulated depreciation of $10.900 at the time of sale, 3. All depreciation expense. 517 200, is in the operating expenses. 4. All sales and purchases are on account sign .g. 25,000 or in parenthesis.9. (15.000).) Prepare a statement of cash floved using the Indirect method. (Show amounts that decrea e cash flow with either a e to search 4. ALL chow with the Prepare a statement of cash Mows using the Indired method. Show more that dan NUSKER COMPANY Slant of Cash Fluws Adjustments to reconcile net income to IN

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