Please prepare a statement of cash flows using the INDIRECT method.

ssets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-Equipment $ 85,600 $ 65,200 0400 72.850 56,750 Leloo 157.750 144850 ao 60s0 12630 (oleSS 280.600 245,600 3sooo (80,600)97600)oo) Total assets Liabilities Accounts payable Income taxes payable Notes payable (long term) $ $2.850 $45.450400 15.240 12.240 3ooo 59,20079200 (aoo Total liabilities Equty $127.290 $136,890 Common stock Contributed capital in excess of par Retained earnings 200,000 150,000 SO 00 53,000 40.000 3000 141990100590 41400 Total equity Total liabilities and equity $304990 $290,590 Wescott Company Income Statement For Year Ended December 31. 201I Sales Cost of goods sold Depreciation expense other operating expenses Interest expense ther gains losses) $488.00 S212.540 43.000 1o6.2c0 6400 368.200) Gaun on sale of equpment Income before taxes Income taxes expense Net inceme 47 1245i