Prepare a statement of cash flows using the indirect method

E23-11 (LO2) (SCF-Indirect Method) Condensed financial data of Pat Metheny Company for 2017 and 2016 are presented PAT METHENY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 1,800 1,750 2016 $1.150 1,900 Cash Plant assets 1,900 1,700 7.150 Accounts payable Accrued Habilities S 900 Bonds payable Common stock 1.400 1,900 2450 7.150 1,700 1.900 PAT METHENY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold Gross margin Selling and administrative expense Income from operations Other revenues and 930 Gain on sale of investments Income before tax Income Net income Cash dividends Income retained in business tax expense 810 S 550