Preparing a Cash Flow Statement Nikea Inc.s income statement for the year 2013 is shown below: During the year, the balances for the sales account, cost of goods sold, and gross profit increased. This information is provided to you. Prepare the cash flow for operating activities, using both the direct method and the indirect method. Nikeas income statement for the year 2013 is shown below. Accounts Amount ($) Sales 600,000 Cost of Goods Sold (400,000) Gross Profit 200,000 Operating Expenses (30,000) Deprecation (20,000) Net Income 150,000