Accountants for Smithson, Inc. have assembled the following data for the year ended December 31, 2018: (Click the icon to view the current accounts.) E (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 mir ot used in the statement, leave the box empty; do not select label or enter a zero.) Data Table - Smithson, Inc. Statement of Cash Flows Year Ended December 31, 2018 2018 2017 Current Assets: Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Cash 24,000 Accounts Receivable $ 122,400 $ 64,300 84,000 69,000 Merchandise Inventory 83,000 Current Liabilities: 57,700 55,700 Accounts Payable Income Tax Payable 14,900 16,600 Data Table 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 Transaction Data for 2018: Issuance of common stock for cash $ 43,100 48,000 $ 42,000 Payment of notes payable 25,000 Payment of cash dividends 75,000 Issuance of notes payable to borrow cash 122,000 Gain on sale of building 60,000 Net income Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold 67,000 1,500 66,500 Choose from any list or enter any number in the input fields and then continue to the next question. ? Print Done 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. 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: Choose from any list or enter any number in the input fields and then continue to the next question. ? 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. NC VASII Tovucu vyucu Torpcrammy AULIVILICS 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 Choose from any list or enter any number in the input fields and then continue to the next