Question: Preparing a Statement of Cash Flows (Indirect Method) nce sheets follow. RAINBOW COMPANY Income Statement For Year Ended December 31, 2016 Sales Dividend Income Total

Preparing a Statement of Cash Flows (Indirect Method) nce sheets follow. RAINBOW COMPANY Income Statement For Year Ended December 31, 2016 Sales Dividend Income Total Revenue Cost of Goods Solod Wages and Other Operating Expenses Depreciation Expense Patent Amortization Expense Interest Expense Income Tax Expense 15,000 765,000 $440,000 130,000 39,000 7,000 13,000 image text in transcribed

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