Accountants for Smithson, 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 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 Accountants for Smithson, 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 Smithson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. 28 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: Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Data Table 2018 2017 Current Assets: Cash $ 99,200 $ 20,000 Accounts Receivable 64,500 69,400 Merchandise Inventory 80,000 76,000 Current Liabilities: 56,100 Accounts Payable Income Tax Payable 58,000 14,200 16,200 Print Done a 1 1 Data Table Transaction Data for 2018: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 41,000 16,000 68,000 118,000 52,000 $ 47,100 51,000 66,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building Net income 5,500 69,500 Print Done