Additional data:

(a)	Equipment with an original cost of $39,000 and a book value of $14,000 was sold.
(b)	Equipment was purchased for $157,000.
(c)	Bonds payable for $100,000 were retired by payment at their face amount.
(d)	5,000 shares of common stock were issued at $15 for cash.
(e)	Cash dividends declared were paid $28,000.

File To View Ch 12 tmt of Cash Flows Assgnment v1 (bland - Compatibilty Mode Comparative balance sheets and an income statement for Joe Smith Company are pre- sented below Dec 31, 2018 Dec 31, 2017 Additional data: (A) Fquipment with an original cost of $99,000 and a bank value of $14.000 was ek (b) Equipement was puchased for $157,000 (c) Bonds payable for $100,000 were retured by payment at the face amount (d) 5,000 shares of comenon stock were issued at $15 for cash. (e) Cash dividends declared were paid $28,000. Audy Accounts receivable (bet) Inventory Investment long-term Equal Accumulated deprecation Tools 90,600 51.300 147,200 12.000 499.000 145,900 58.000 135,000 50 000 375.000 (128,000) 645 900 Instructions: Using the indirect method, prepare in proper financial statement formala statement of cash flows for the year ended December 31, 2018 in the table below. Please skip the supplemental cash flow information section. The table is in red font. 666,400 Liabilities and sockholleregisty Liabolites Accounts payable Income tax payable Bonds payable clue 2024 61.500 33,500 42,600 92.400 100 000 235.000 95.100 Stockholders' equal Common stock $10 par Pad-in call in excess of par value Retained earnings Total stockholders' equity 250 000 75,000 246 300 571,300 200 000 50,000 160 900 410.900 Total liabilities and stockholders equity 666,400 645 900 2018 623.000 348,500 374 500 24,700 75,300 Sales Cost of mechandie sold Grer trofit Operating expenses Depreciation expense Other operating expenses Incore from operations Other revenues and expenses: Gain on sale of investments Logamle feuiment Income before income tax Income tax expense Net income 100.000 171,500 5.000 2000 3000 177.500 64 100 113,400 150 - 4 + 916 PME ING 9130 Type here to search AG