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Accountants for Jackson, Inc. have assembled the following data for the year ended December 31, 2018 (Click the icon to view the current accounts.) (Click
Accountants for Jackson, 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 Jackson'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 not select a label or enter a zero.) $ 63,000 Jackson, 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: Depreciation Expense Gain on Sale of Building Decrease in Accounts Receivable Increase in Accounts Payable Increase in Merchandise Inventory Decrease in Income Tax Payable 17,000 (4,000) 4,500 2,300 (2,000) (2,200) 78,600 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities i Data Table 0 Data Table 2018 2017 Transaction Data for 2018: Current Assets: $ 50,100 47,000 Cash $ 101,500 $ 64,600 85,000 23,000 69,100 83,000 Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable $ 36,000 Payment of notes payable 17,000 Payment of cash dividends 71,000 Issuance of notes payable to borrow cash 116,000 Gain on sale of building 61,000 Net income 67,000 4,000 63,000 Book value of building sold 58,300 14,900 56,000 17,100 Print Done Print Done verore Deco r
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