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May someone please complete E23-14B using T-Charts ? and explain the indirect method

Instructions Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.) E23-13B (LO2,3) (SCF-Direct Method) Jackson Ski Haus had the following statements prepared as of December 31, 2017. JACKSON SKI HAUS COMPARATIVE BALAMCE ST As or DECEMBER 31 2017 2016 S 2.500 103,000 96000 91,000 4,000 89,000 $ 4.000 97,000 121,000 54,000 6,000 43000 (IKO00) 83,000 Cash Accounts receivable Short-term investments (Available-for-sale) Inventories Prepaid inaurance Ski equipment Accumulated deprequipment Trademarks (2300) 79,000 S441.000 $ 92.200 S30.000 Total assets Accounts payable Income taves payable Wages payable Short-term loans payable to bank Long-term loans payable Common stock, S1 par Additional paid-in capital Retained earnings 5 75,000 15,700 9,000 21800 4.000 23.500 75,000 100.000 20.000 104,500 125000 100,000 20,000 45.300 Total liabilities & equity S441000 S0.000 JACKSON SKI HAUS IvcoME STATEMENT FOR THE YLAR ENDING DICIMBR 31, 2017 Sales $540,200 300.000 Cost of goods sold Gross margin Operating expenses Operaling income Interest expense Loss on sale of equipment 2M,00 94.000 144,200 $20500 4.000 24,500 Income before income tax 119,700 40.500 S 79,200 Income tax epense Net income Additional information: 1. Dividends in the amount of $20,000 were declared and paid during 2017. 2. Depreciation expense and amortization expense are included in operating expenses. 3. Equipment that had a cost of $25,000 and was 20% depreciated was sold during 2017. Instructions Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.) 6 Chapter 23 Statement of Cash Flows E23-14B (LO2) (SCF-Indirect Method) Data for Jackson Ski Haus are presented in E23-13B. Instructions Prepare a statement of cash flows using the indirect method

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