Accountants for

Smithson,

Inc. have assembled the following data for the year ended December 31,

2018:

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(Click the icon to view the transaction data.) Prepare

Smithson'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.)

	Smithson, 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:
	Net Cash Provided by (Used for) Operating Activities

	Cash Flows from Investing Activities:
	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
	Non-cash Investing and Financing Activities:
	Total Non-cash Investing and Financing Activities

ithson's statement of cash flows using the indirect method Include an accompanying schedule of non-cash investing and financing activitie Data Table x 2018 2017 Current Assets Transaction Data for 2018: Cash $ 102,500 $ 22,000 Issuance of common stock for cash $ 37,000 $ 51,100 Accounts Receivable 63,800 69,400 Depreciation expense 23,000 49,000 h 82,000 80,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building 76,000 65,000 Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 115,000 58,300 55,300 al 2,500 69,500 58,000 Net income 14,600 17,100 ald Print Done Print Done ch ithson's statement of cash flows using the indirect method Include an accompanying schedule of non-cash investing and financing activitie Data Table x 2018 2017 Current Assets Transaction Data for 2018: Cash $ 102,500 $ 22,000 Issuance of common stock for cash $ 37,000 $ 51,100 Accounts Receivable 63,800 69,400 Depreciation expense 23,000 49,000 h 82,000 80,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building 76,000 65,000 Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 115,000 58,300 55,300 al 2,500 69,500 58,000 Net income 14,600 17,100 ald Print Done Print Done ch