2018	2017
Current Assets:
Cash	$100,000	$24,000
Accounts Receivable	63,900	69,600
Merchandise Inventory	87,000	82,000
Current Liabilities:
Accounts Payable	57,900	55,600
Income Tax Payable	14,200	17,100

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Transaction Data for 2018:
Issuance of common stock for cash	$35,000	Payment of notes payable	$45,100
Depreciation expense	20,000	Payment of cash dividends	45,000
Purchase of equipment with cash	72,000	Issuance of notes payable to borrow cash	57,000
Acquisition of land by issuing long-term notes payable	113,000	Gain on sale of building	6,500
Book value of building sold	60,000	Net income	66,000

	Morston, Inc.
	Statement of Cash Flows
	Year Ended December 31, 2018
	Cash Flows from Operating Activities:
	Net Income
	Adjustments to Reconcile Net Income to Net Cash
	Provided by (Used for) Operating Activities:
	Net Cash Provided by (Used for) Operating Activities
	Cash Flows from Investing Activities:
	Net Cash Provided by (Used for) Investing Activities

Cash Flows from Financing Activities:
Net Cash Provided by (Used for) Financing Activities
Net Increase (Decrease) in Cash
Cash Balance, December 31, 2017
Cash Balance, December 31, 2018
Non-cash Investing and Financing Activities:
Total Non-cash Investing and Financing Activities