Prepare the Statement of Cash Flow for Faraday Power Company using the indirect method. The condensed financial statements appear below: FARADAY POWER COMPANY Statement of Financial Position March 31 2020 Assets 2019 Cash 26,900 27.400 128,700 119.300 Accounts receivable Inventory Prepaid expenses Property, plant, and equipment Accumulated depreciation 4,400 2.900 207.900 224,500 (105,300) $279,200 (94,600) $262.900 $36,700 $ 32,700 35,800 36,200 Liabilities and Shareholders' Equity Short-term bank debt Accounts payable Dividends payable Long-term loan payable Common shares Retained earnings 8,600 8,000 46,300 49,000 7.000 7,000 144,800 130,000 $279,200 $262.900 FARADAY POWER COMPANY Statement of Income Year Ended March 31, 2020 Sales revenue $341,400 210.900 130,500 $53,500 23,800 20,000 6.100 103,400 Cost of goods sold Gross profit Wages expense Administration expense Depreciation expense Repairs and maintenance expense Net income from operations Interest expense Loss on sale of equipment Earnings before income tax Income tax expense Net income 27,100 3,300 4,000 7.300 19,800 $ 19,800 Additional information: 1 Equipment originally costing $50,500 was sold during the year for $37,200. The company had proceeds from short term bank loan of $4.000. 2. (Show amounts that decrease cash flow with either signes -15,000 or in parenthesis ex (15.000 FARADAY POWER COMPANY Statement of Cash Flows (Indirect Method Year Ended March 31, 2020 Adjustments to Reconcile Net Income to > > > $