Prepare a statement of cash flows using the indirect method - Excel ? 4 - FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 ' ' % Paste BIU Clipboard A1 Cell Alignment Number Conditional Format as Formatting Table Styles Cells Editing Font : Styles fx Note: To complete the assignment, go to the worksheet tab labeled Cash Flow A B 1 Note: To complete the assignment, go to the worksheet tab labeled Cash Flow 2 and complete the statement of cash flows. 3 4 5 69 INNOVATION ELECTRONICS, INC. Income Statement For the Year Ended December 31, 20X2 $ 2,430,000 6,500 2,436,500 7 Net sales 00 a 8 Gain on sale of land 9 10 Total revenues 11 12 Expenses: 13 Cost of goods sold $ 1,565,000 14 Operating expenses 598,000 15 16 Depreciation expense Interest expense 16,000 17,000 17 Income tax expense 63,000 18 19 Total expenses 20 21 Net income 22 23 24 25 READY 2,259,000 $ 177,500 Income Statement Balance Sheet Cash Flow E I G H EI + 100%