Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Question 1 The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 2016 2017 $34,000$19,100 32,900 26,350 20,400 59,050 (30,000) (23,150) Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment 18,750 77,600 $122,300 $112,700 Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable $28,050 16,400 8,100 27,20032,900 13,150 42,150 $122,300 $112,700 7,050 Bonds payable Common stock 18,900 41,100 Retained earnings Total NOSKER COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $241,150 176,000 65,150 24,300 40,850 3,600 37,250 8,300 $28,950 Additional data