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 a decrease in cash. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Jackson, Inc. Data Table 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: Transaction Data for 2018: Issuance of common stock for cash $ 48,100 46,000 $ 37,000 Payment of notes payable 22,000 Payment of cash dividends 68,000 Issuance of notes payable to borrow cash 116,000 Gain on sale of building 59,000 Net income Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold 58.000 5,500 65,000 Print Done x Data Table Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 2018 2017 Current Assets: Cash Accounts Receivable S 92,700 S 64.600 18,000 69,400 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: 88,000 79.000 Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 57,500 14,500 55,800 16,200 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Transaction Issuance of Depreciation Purchase of Acquisition Book value Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 IT Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Choose from any list or enter any number in the input fields and then continue to the next question. Acquisition of Land by Issuing Long-term Notes Payable Cash Payment of Dividends Cash Payment of Notes Payable Cash Payment for Acquisition of Equipment Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Receipt from Sale of Building Decrease in Accounts Receivable Decrease in Income Tax Payable Depreciation Expense Gain on Sale of Building Increase in Accounts Payable Increase in Merchandise Inventory Acquisition of Land by Issuing Long-term Notes Payable Cash Payment of Dividends Cash Payment of Notes Payable Cash Payment for Acquisition of Equipment Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Receipt from Sale of Building Decrease in Accounts Receivable Decrease in Income Tax Payable Depreciation Expense Gain on Sale of Building Increase in Accounts Payable Increase in Merchandise Inventory
