Lesson 7 HW (Graded) 2 5 Doints Income Statement For Year Ended December 31, 2019 Sales $330,500 Cost of goods sold 212,700 Gross profit 117,800 Operating expenses Depreciation expense $25.400 Other expenses 60,300 85,700 Income before taxes 32,100 Incone taxas expense 11.700 Net Income $ 20,400 eBook Hint Required: Use the Indirect method to prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Print Cash flows from operating activities References Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash Changes in current operating assets and liabilities