A A Aa Ap A A UvaXX AA AC (Note: Questions 17-19 pertain to the information on Pages 5 - 6) 17. What is the net cash provided by operating activities? A. $119,000 B. $122,000 C. $135,000 D. $144,000 18. What is the net cash used by investing activities? A. $(25,000) B. $(28,000) C. $(36,000) D. $(39,000) 19. What is the net cash used by financing activities? A. $(45,000) B. $(51,000) C. $(53,000) D. $(68,000Softbyte Corporation L Comparative Balance Sheets December 31, 1018 and 2017 2018 2017 Assets Cash $174,000 $117,000 Accounts Receivable 93,000 81,000 Merchandise Inventory 609,000 $34,000 Equipment 333,000 297,000 Accumulated Depreciation- Equipment (156.00.0 (102 000) Total Assets $1.053.000 5917.040 Liabilities & Equity Accounts Payable $69,000 $96,000 Income taxes payable 27.000 14,000 Common Stock, $2 par value $82.000 538,000 Paid-in capital in excess of par value, common stock 198,000 162,000 Retained Earnings 177.000 87,000 Total Liabilities & Equity $1.853.000 Softbyte Corporation Income Statement For Year Ended December 31, 2018 Sales $1.992,000 Cost of goods sold 1,194,DOD Gross profit 798,000 Operating expenses Depreciation expense $54,000 Other expenses 501.000 555.000 Income before taxes 243,000 Income taxes capense 42.000 Net income $201.010 Additional Information on Year 2018 Transactions Purchased equipment for $36,000 cash. lasund 12,000 shares of common stock for $5 cash per share. Declared and paid $1 11,090 in cash dividends.Required: Prepare a complete statement of cash flows; report its cash inflows and cash outflows from operating activities according to the Indirect method. Softbyte Corporation Statement of Cash Flows - Indirect Method For Year Ended December 31, 2018 Operating Activities Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Increase in accounts receivable Increase in inventory Decrease in accounts payable Increase in income tax payable Net cash provided by operating activities Investing Activities Purchase of Equipment Financing Activities Issuance of common stock Payment of dividends Net cash used by financing activities Net increase in cash Cash at beginning of period Cash at end of period