a. Net income for the year was $106,000. b. Dividends of $92,000 cash were declared and paid. c. Scoreteck's only noncash expense was $76,000 of depreciation. d. The company purchased plant assets for $76,000 cash. e. Notes payable of $26,000 were issued for $26,000 cash. Complete the following spreadsheet in preparation of the statement of cash flows. (The statement of cash flows is not required.) Report operating activities under the indirect method. (Enter all amounts as positive values.) Answer is not complete. Dec. 31, 2017 72,000 202.000 SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2017 Dec. 31, Analysis of Changes 2016 Debit Credit Balance Sheet-Debit Bal. Accounts Cash 98,000 $ 26,000 $ Accounts receivable 126,000 76,000 Inventory 262,000 26,000 Plant assets 606,000 76,000 $ 1,092,000 $ Balance Sheet-Credit Bal. Accounts Accumulated depreciation $ 106,000 76,000 $ Accounts payable 162,000 13,000 Notes payable 376,000 26,000 Common stock 206,000 Retained earnings 242,000 26,000 $ 1,092,000 $ 236,000 682,000 1,192,000 182,000 146,000 402,000 206,000 256,000 1,192,000 Statement of Cash Flows Statement of Cash Flows Operating activities Net income 106,000 76,000 Depreciation expense Increase in accounts receivable 76,000 Increase in inventory 26,000 X 13,000 X Decrease in accounts payable Investing activities Cash paid to purchase plant assets Cash from issuance of notes payable Financing activities Cash from issuance of notes payable Cash paid for dividends 76,000 76,000 26,000 X 98,000 471,000 $ $ 447,000