Problem 13-7A (Part Level Submission) Presented below are the financial statements of Nosker Company. NOSKER COMPANY Balance Sheets 2014 $19,680 18,580 20,830 77,550 ssets 2015 $35,730 32,930 26,220 59,420 Cash Equipment Accumulated depreciation-equipment (29,710) (23,060) $124,590 Total 2S113,580 Liabilities and Stockholde Accounts payable Income taxes payable Bonds payable Common stock Retained earnings uit $28,160 7,450 26,480 18,230 44,270 $124,590 16,130 8,250 32,450 14,020 42,730 $113,580 Total NOSKER COMPANY Income Statement For the Year Ended December 31, 2015 Sales revenue $242,010 Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income 76 65,210 24,610 40,600 36,770 8.5 Additional data 1. Dividends declared and paid were $26,680. 2. During the year equipment was sold for $8,430 cash. This equipment cost $18,130 originally and had a book value of $8,430 at the time of sale 3. All depreciation expense, $16,350, is in the operating expenses. 4. All sales and purchases are on account. Your answer is correct. Prepare a statement of cash fows using the indirect method. (Show NOSKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2015 Cash Flows from Operating Activities br 8220 et Income Adjustments to reconcile net income to et Cash Provided by Operating Activities