Question: hello, can you solve this question please using indirect and direct method. thanks Coyle Company, Income Statement, for the Year Ended December 31, 201 a

hello, can you solve this question please using indirect and direct method. thankshello, can you solve this question please using indirect and direct method.

Coyle Company, Income Statement, for the Year Ended December 31, 201 a Sales Cost of Goods Sold Gross Profit Operating Expenses 950,000 575.000 $375,000 8eg RE 134, 800 t 84,000 CR 2 18, goo D6, 900 DS3 900o Wage Expense $180,000 Rent Expense - Depreciation Expense.000 Total Operating Expenses Operating Income Interest Expense Net Income Before Taxes Income Tax Expense Net Income 30,000 228,000 $147,000 8,000 $139,000 55.000 Coyle Company; Balance Sheet; At December 31, 2016 2015 Change 2016 2015 Change Current Assets Current Liabilities: Cash Accounts Receivable Inventory Prepaid Rent S 15,000 12,000 $3,000 79,000 83,000 4,000) 47,000 49,000 (2,000) Accounts Pay 31,000 S 29,900 $1,100 Wages Pay6,400 7,800 (1,400) Interest Pay 1,100 600 500 50004600 400Taxes Payable 3,600 4400 (800) Total Current Assets Long tem sets 14600 S48.60000 TI Current Liab $42100 $42.700 (600) Long Term Assets Long Term Liab: S495,000 $42,00 Prop Plant & Equip Accumulated Deprec Net PPE $53,000 Long-term Debt $1950 201000 $ 16.000) 98.000) 180,000) (18000) Total Liabilities $237.10 $243.700 $397.000 362.000 $35,000Owners' Equity: Total Assets $543,000 $510600 S32.400 Prepare the Statement of Cash Flows Using the Indirect Method Common Stk $141,000 $132,100 $ 8,900 Retained Earn 164900 134800 30 100 Total oE 305.900 $266,900 $39,000 Total Liab & OE S543,000 $510,600 $32.400

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