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Spider's Luggage Company provided the following balance sheet and income statement for the current year. (Click the icon to view the balance sheet.) (Click the icon to view the income statement.) Prepare the operating activities section of the cash flow statement using the indirect method. Assume accrued expenses relate to selling, general and administrative expenses. (Use a minus sign or parentheses for any numbers to be subtracted. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Spider's Luggage Company Partial Statement of Cash Flow (Indirect Method) For the Year Ended December 31 Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities: Changes in Operating Working Capital Accounts: Spider's Luggage Company provided the following balance sheet and income statement for the current year. E (Click the icon to view the balance sheet.) 3 (Click the icon to view the income statement.) Prepare the operating activities section of the cash flow statement using the indirect method. Assume accrued expenses relate to selling, general and administrative expenses. (Use a minus sign or parentheses for any numbers to be subtracted. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities: Changes in Operating Working Capital Accounts: Net Cash Provided (Used) by Operating Activities - Balance Sheet Spider's Luggage Company Balance Sheets At December 31 Assets Ending Beginning Current Assets Cash $ 19,580 $ 5,200 Accounts Receivable - net 5,700 3,800 3,600 1,900 Merchandise Inventory $ 29,080 10,700 Total Current Assets Noncurrent Assets Investments in Bonds $ $ 26,000 47,000 17,000 65,000 Property, Plant, and Equipment - net $ Total Noncurrent Assets $ 73,000 82,000 $ 102,080 92,700 Total Assets - x Balance Sheet Liabilities Current Liabilities $ 2,800 $ 4,300 Accounts Payable Accrued Expenses 7,300 1,700 4,750 2,950 Income Taxes Payable $ 11,800 $ 12,000 Total Current Liabilities Noncurrent Liabilities Notes Payable $ 29,000 $ 26,000 $ 29,000 $ Total Noncurrent Liabilities 26,000 $ 40,800 $ 38,000 Total Liabilities Shareholders' Equity Common Stock, $1 par value Additional Paid-in Capital in Excess of Par- Common $ 14,000 $ 8,500 11,000 36,280 10,000 36,200 Datainad Earnings $ Total Shareholders' Equity $ 61,280 54,700 $ 102,080 $ 92,700 Total Liabilities and Shareholders' Equity Income Statement Income Statement For the Year Ended December 31 Sales $ 55,000 30,600 Cost of Goods Sold Gross Profit $ 24,400 Selling, General, and Administrative Expenses $ 14,000 6,300 Depreciation Expense $ 20,300 Total Operating Expenses Operating Income Interest Expense $ 4,100 $ (2,000) 434 Investment Income Income before Tax $ 2,534 (1,554) Income Tax Expense $ 980 Net Income

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