Question: CASH FLOW PROBLEM Cont. (15 pts): 2016 Income Statement (S in thousands) Sales revenue Depreciation expense Interest expense Selling & administrative expenses Income before taxes

thousands) Sales revenue Depreciation expense Interest expense Selling & administrative expenses Income

CASH FLOW PROBLEM Cont. (15 pts): 2016 Income Statement (S in thousands) Sales revenue Depreciation expense Interest expense Selling & administrative expenses Income before taxes Income tax expense $5,000 275 3.720 1,000 300 $700 Net income Required: Prepare Julius Co.'s 2016 cash flows statement using the indirect method

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