Question 5: Use the following data to construct a statement of cash flows for MNO Company, using: 5.1 The direct method 5.2 The indirect method Income statement for MNO Company for year 2000 Sales $200,000 Cost of goods sold (123,000) Depreciation expense (15,000) Insurance expense (11,000) Wage expense (50,000) Net income $ 1.000 Additional information: . During year 2000, MNO declared and paid dividends of $2,500. Also, during year 2000, MNO paid $46,000 in cash to acquire new fixed assets. The accounts payable was used only for inventory. No debt was retired during year 2000. Balance Sheet for MNO Company for years 2000 and 1999 2000 1999 $14.000 Cash $4,000 Awone 25.000 Paide 5.000 ly 37.000 Find 316.000 Accumsluted Dereiti 45.00 Totalt 22.00 14.000 370.000 3750 $16.00 Accounts payable Wapos payable Note Capital stock Red camps Total & Equity 000 SIR 172.000 SER 5200 200 20