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1-68B (similar to) Question Help Stellar Software Corp, has assembled the following data for the years ending December 31, 2018 and 2017 (Click the icon

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1-68B (similar to) Question Help Stellar Software Corp, has assembled the following data for the years ending December 31, 2018 and 2017 (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement 1. Prepare Stellar's statement of cash flows using the indirect method to report operating activities. Include a schedule of roncash investing and financing activities. Start by completing the cash flows from operating activities. Then complete the remaining sections of the statement of cash flows including the schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Stellar Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: i Data Table December 31, 2018 2017 Current Accounts: Current assets: Cash and cash equivalents $ 100,700 $ 43,000 Accounts receivable 22,000 65,000 Inventories 90,000 81,000 Prepaid expenses 3,700 2,200 Current liabilities: $ 57,900 $ 55,500 Accounts payable Income tax payable 28,800 16,600 Accrued liabilities 14,900 7,600 Print Done * More Info - Transaction Data for 2018: Acquisition of land by issuing long-term note payable. Stock dividends.. Collection of loan Depreciation expense. Purchase of building Purchase of treasury stock ..... $ 14,700 $ 202,000 Gain on sale of equipment 2,000 34,900 Payment of cash dividends 18,600 12,200 Issuance of long-term note 19,000 payable to borrow cash 34,600 Net income. 62,000 99,000 Issuance of common stock for cash 36,700 61,000 Proceeds from sale of equipment 12,500 44,900 Amortization expense..... 5,500 with cash Retirement of bonds payable by issuing common stock Purchase of long-term investment with cash Print Done

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