Problem 11-4A Prepare a statement of cash flows-indirect method (LO2, 3) The income statement, balance sheet, and additional information for Video Phones, Inc., are provided. VIDEO PHONES, INC Income Statement For the Year Ended December 31, 2015 $ 2,756,000 Net sales Expenses. Cost of goods sold Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense $1,700,000 808,000 22,000 7,500 12,500 43,000 lotal expenses 2,593,000 Net income $ 163,000