Help me please NOSKER COMPANYStatement of Cash FlowsFor the Year Ended December 31, 2021Cash flows from operating activitiesNet incomeValueAdjustments to reconcile net income tonet cash provided by operating activitiesDepreciation expenseValueIncrease in accounts receivableValueIncrease in inventoryValueIncrease in accounts payableDecrease in income taxes payableNet cash provided by operating activitiesValueValue??Cash flows from investing activitiesSale of equipmentNet cash provided by investing activitiesValue?Cash flows from financing activitiesIssuance of common stockValueRedemption of bondsPayment of dividendsNet cash used by financing activitiesValueValue?Net increase in cash?Cash at beginning of periodCash at end of period?? Prepare a statement of cash flows - indirect methodThe following are the financial statements of Nosker Company.NOSKER COMPANYComparative Balance SheetDecember 3120212020AssetsCash$38 000$20 000Accounts Receivable30 00014 000InventoryEquipmentAccumulated depreciation--equipmentTotal27 00020 00060 00078 000-24 000$108 000-29 000$126 000Liabilities and Stockholders' EquityAccounts payableIncome taxes payableBonds payable$24 000$15 0007 0008 00027 00033 000Common stock18 00014 00050 000$126 000Retained earnings38 000Total$108 000NOSKER COMPANYIncome StatementFor the Year ended December 31, 2021Sales revenue$242 000Cost of goods soldGross profitOperating expensesIncome from operationsInterest expense175 00067 00024 00043 0003 000Income before income taxes40 000Income tax expense8 000Net income$32 000Additional data:1. Dividends declared and paid were $20,000.2. During the year equipment was sold for $8,500 cash. This equipment cost $18,000originally and had a book value of $8,500 at the time of sale.3. All depreciation expense, $14,500, is in the operating expenses.4. All sales and purchases are on account.InstructionsPrepare a statement of cash flows using the indirect method.

Statement of cash flow shows the amount of cash receipts and payments. It is advanced and detailed…

NOSKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities Net income Value Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense Increase in accounts receivable Value Value Increase in inventory Increase in accounts payable Decrease in income taxes payable Value Value Value Net cash provided by operating activities ? Cash flows from investing activities Sale of equipment Net cash provided by investing activities Value ? Cash flows from financing activities Issuance of common stock Value Redemption of bonds Payment of dividends Net cash used by financing activities Value Value Net increase in cash ? Cash at beginning of period Cash at end of period