Required Prepare Cash Flow Statement using indirect method to present cash flow from operating activities Note- you will need to calculate the dividend payments 123 Furniture Imporium Income Statement For the year ended 31 December 2013 $ in thousands Sales revenue $7,000 Operating expenses Cost of Goods Sold $3,360 Depreciation 240 Insurance 100 Adminstrative and other 1800 Balance Sheet Information in thousands Assets Cash Accounts receivable Inventory Prepaid insurance Plant and Equipment Less accum deprecation Dec 31 2013 $300 850 540 50 2,100 Dec 31 2012 $200 830 600 20 1,800 (600) (840) Total Assets 3,000 2,850 Total Operating expenses $5,500 Income before income tax Income tax expense $1,500 600 Liabilities and Shareholders Equity Accounts payable Payables for admin and other expenses Income taxes Payable Note payable due Dec 31 2014 Common Stock Retained Earnings 200 300 200 900 900 500 360 400 150 600 800 Net Income $900 540 Total Liabilities and shareholders equity 3,000 2,850