Activity 4.d - Indirect Method Statement of Cash Flows - Operating activities Complete the indirect method statement of cash flows for the operating section of the statement of cash flows from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balances. Enter decreases in cash with a minus sign or parentheses. Smart Touch Learning Comparative Balance Sheets December 31, 2016 Smart Touch Learning Income Statement December 31, 2016 Description Current Year Prior Year Current Year Cash 1400 1,700 10.000 Accounts Recevable.net 1.700 900 Cost of Goods Sold 400 Inventory 1. 100 Gross Pront 6.100 Prepaid urance 1,000 2.100 Depreciation 11.300 Total Current Assets 7,500 5.700 000 2.000 plant and twentnet 1,600 601 Other Revenues and Expenses) Total Assets 9.500 6,500 Gain on sale of Equipment 1,200 Accounts Payable 1.500 1,000 Other Expenses 2.300 11.1001 Income Tax Payable 700 500 Income Before Tax 3,700 Total Current abilities 2.200 1.500 Provision for Income Tax 700 3,700 Long term Debt 2.400 Net Income 3,000 Total Liabilities 5,900 3.900 Total Current Assets 7,000 5700 Insurance Plant and Equipment, net 000 1270001 1,600 600 Other Revenues and Expenses Total Assets 9,500 6,300 Gain on Sale of Equipment 1.200 Accounts Payable 1,500 1,000 Other Expenses 12.300) (1.1001 Income Tax Payable 700 500 Income Before Tax 3,700 Total Current Liabilities 2.200 1,500 Provisions for Income Tax 700 Long term Debt 3,700 2,400 Net Income 3.000 Total Liabilities 5.900 3,900 Capital Stock 3,200 2.100 Smart Touch Learning Retained Earnings 400 300 Statement of Cash Flows (Operating activites) Total Shareholders' Equity 3,600 2,400 December 31, 2016 Total Liabilities and Equity 9,500 6,300 Nethcome Depreciation Expense Decrease in Prepaid intrance Gain on Sale of Equipment Increase in Accounts Payable Increase in Accounts Receivable Increase in Inventory Increase in Taxes Payable Net Cash Provided by Operating Activities