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 $2,456,000 Net sales Expenses. ost of goods sold Operating expenses Depreciation expense Loss on sale of land $1,450,000 758,000 17,000 7,000 10,000 38,000 Interest expense Income tax expense Total expenses 2,280,000 Net income $ 176,000