Accountants for Morganson, Inc. have assembled the following data for the year ended December 31, 2018: B (Click the icon to view the current accounts.) B (Click the icon to view the transaction data.) Prepare Morganson'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.) * Data Table $ 68,500 2018 2017 Morganson, 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 Merchandise Inventory Increase in Accounts Payable Current Assets: Cash Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable $ 99,400 $ 25,000 64,100 69,700 83,000 75,000 24,000 (4,500) 5,600 (8,000) 2,400 57,600 14,800 55,200 16,800 (2,000) 17,500 Print Done 86,000 Decrease in Income Tax Payable Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Receipt from Sale of Building Cash Payment for Acquisition of Equipment 0 Data Table 58,500 (74,000) Transaction Data for 2018: Issuance of common stock for cash Depreciation expense $ 46,100 50,000 (15,500) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: $ 38,000 Payment of notes payable 24,000 Payment of cash dividends Issuance of notes payable to 74,000 borrow cash 62,000 Purchase of equipment with cash Acquisition of land by issuing long- term notes payable Book value of building sold 119,000 Gain on sale of building 54.000 Net income 4,500 68,500 Print Done Net Cash Provided by (Used for) Financing Activities