Question: Please prepare a statement of cash flows Problem 13-8A (Part Level Submission) The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance


Problem 13-8A (Part Level Submission) The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 2016 $36,400 $19,600 33,000 19,200 31,000 20,400 Cash Accounts receivable Inventory 77,600 59,400 Equipment Accumulated depreciation-equipment (29,800) (23,700) $130,000 $113,100 Total Liabilities and Stockholders' Equity $28,700 16,100 Accounts payable 7,100 8,000 Income taxes payable 26,300 32,500 Bonds payable 18,200 13,600 Common stock 49,700 42,900 Retained earnings $130,000 $113,100 Total NOSKER COMPANY Income Statement For the Year Ended December 31. 2017 Sales revenue $242,100 Cost of goods sold 175,500 Gross profit 66,600 operating expenses 23,900 Income from operations Interest expense 2,400 Income before income taxes 40,300 Income tax expense 8,100 Net income $32,200
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