A simplified balance sheet for Planet Inc. contain the following amounts at the end of 2017 and 2018. Planet Inc. Balance Sheet As at March 31 2018 2017 Assets Current Assets Cash Accounts Receivable $30,800 $8,700 $18,800 $14,600 Prepaid Expenses $2,300 $700 Merchandise Inventory $23,400 $16,700 Total Current Assets $75,300 $40,700 Noncurrent Assets Equipment $182,000 $170,000 Less: Accumulated Depreciation $-26,500 $-15,900 Total Noncurrent Assets $155,500 $154,100 Total Assets $230,800 $194,800 Liabilities Current Liabilities Long-Term Liabilities Total Liabilities $17,600 $17,600 $21,000 $40,000 $38,600 $57,600 Stockholders' Equity Paid-In Capital Preferred Stock Common Stock Additional Paid-In Capital Total Paid-In Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Equity $65,000 $57,000 $27,000 $7,000 $5,000 $97,000 $64,000 $95,200 $73,200 $ 192,200 $137,200 $230,800 $194,800 Assume current liabilities include only items from operations (e.g., accounts payable, taxes payable). Long-term liabilities include items from financing (e.g. bonds and other long-term liabilities). Note that the company did not sell any equipment and did not borrow any additional long-term liabilities throughout the year. Prepare the cash flow statement for 2018 using the indirect method. Assume no dividends were declared or paid in 2018. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Planet Inc. Cash Flow Statement For the Year Ended March 31, 2018 Cash Flow from Operations Net Income 2400 X Adjustments to reconcile Net Income to Cash Depreciation Expense - 139000 X Change in Operating Assets and Liabilities Increase in Accounts Receivable Increase in Office Supplies -18700 x Increase in Merchandise Inventory -36000 X Net Cash Provided (Used) by Operating Activities Cash Flow from Investing Activities Purchase of Equipment Net Cash Provided (Used) by Investing Activities Cash Flow from Financing Activities Issuance of Stock Repayment of Long-Term Liabilities Net Cash Provided (Used) by Financing Activities Net Increase (Decrease) in Cash Cash at the Beginning of the Year Cash at the End of the Year