Repeat the requirements of P6- 9 under the indirect method.

Snall Company Balance Sheet At December 31 Merchandise Inventony Total Current Assets Investments in Bonds Property. Ptant, and Equipment-net Total Noncurrent Assets Current Uabilities Total Current Liabilities Noncurrent Uabilities Total Noncurrent Liablities Common Stodk, $1 Par Value Additional Paid-in Capital Total Stockholders Equity Total Liabilities and Stockholders' Equity Snail Company Income Statement For the year ended December 31 Sales Cost of Goods Sold Gross Profit $56,000 33,600 522,400 Seling, General, and Administrative Expensas $11,800 6,000 $ 17600 $ 4,800 $ 12,100) s 2,700 1 334 Depreciation Expense Total Operating Expensers Income Before Interest and Taxes Interost Expense Income Betore Tax Income Tax Expense Net Income $ 1366