Statements of Financial Position and Cash Flows and the Annual Report Statement of Cash Flows, Indirect Method Edwards Company provided you with the following information for the current year. Accounts Payable relate to Selling, General and Administrative Expenses. Edwards Company Statement of Net Income For the Year Ended December 31, 2023 Sales $ 347,000 Depreciation Expense (35,000) Selling, General, and Administrative Expenses (117,000) Gain on Sale of Equipment 7,400 Other Expenses (8,200) Income before Taxes 194,200 Tax Expense (58,260) Net Income $ 135,940 December 31, Select Balance Sheet Accounts 2022 2023 Cash $ 40,000 $ 37,400 Investments (noncurrent) 25,000 35,800 Prepaid Rent 248,200 280,200 Accounts Payable 116,400 136,000 Income Taxes Payable 4,300 5,900 Long-Term Debt 189,600 176,300 Common Stock 248,900 305,600 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.