a. Net income for the year was $117,000 b. Dividends of $114,000 cash were declared and paid c. Scoreteck's only noncash expense was $87,000 of depreciation d. The company purchased plant assets for $87,000 caslh e. Notes payable of $37,000 were issued for $37,000 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.) SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2017 Dec. 31 Analysis of Changes Dec. 31, 2016 Debit Credit 2017 Balance Sheet-Debit Bal. Accounts 37,000 Cash Accounts receivable Inventory Plant assets 131,000 137,000 284,000 617,000 1,169,000 94,000 224,000 247,000 704,000 $1,269,000 87,000 37,000 87,000 Balance Sheet-Credit Bal. Accounts 87,000 Accumulated depreciatio Accounts payable Notes payable Common stock Retained earnings 117,000 184,000 387,000 217,000 264,000 204,000 157,000 424,000 217,000 267,000 27,000 37,000 3,000 264,000 $ 1,169,000 267,000 $ 1,269,000 Retained earnings 3,000 Statement of Cash Flows Operating activities 117,000 87,000 Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in accounts payable 87,000 37,000 27,000 Investing activities Depreciation expense Financing activities $ 315,000$ 442,000