2018 2017 Current Assets: Cash 19,000 $ 111,400 $ 64,300 Accounts Receivable 69,600 84,000 83,000 Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 57,800 55,900 14,400 16,600 Transaction Data for 2018: Issuance of common stock for cash $ 45,100 52,000 Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 42,000 Payment of notes payable 22,000 Payment of cash dividends 72,000 Issuance of notes payable to borrow cash 114,000 Gain on sale of building 56,000 Net income 65,000 5,500 72,500 Accountants for Elwin, Inc. have assembled the following data for the year ended December 31, 2018: (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Prepare Elwin's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Elwin, 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) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: MIT MINI 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