Balance Sheet December 31, 2018 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Total Current Assets Stockholders' Equity Property, Plant, and Equipment: Total Stockholders' Equity Total Assets Total Liabilities and Stockholders' Equity Requirement 4. Prepare ORRC's statement of cash flows using the indirect method for the year ended December 31, 2018. (Use a is not used in the statement, leave the box empty; do not select a label or enter a zero. Enter "O" for a zero cash balance.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Official Reserve Rare Coins 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: Choose from any list or enter any number in the input fields and then continue to the next question. 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 a. On January 1, 2018, ORRC issued no par common stock for $550,000. b. Early in January, ORRC made the following cash payments: 1. For store fixtures, $49,000 2. For merchandise inventory, $330,000 3. For rent expense on a store building, $15,000 c. Later in the year, ORRC purchased merchandise inventory on account for $244,000. Before year-end, ORRC paid $164,000 of this accounts payable. d. During 2018, ORRC sold 3,100 units of merchandise inventory for $400 each. Before year-end, the company collected 80% of this amount. Cost of goods sold for the year was $320,000, and ending merchandise inventory totaled $254,000. e. The store employs three people. The combined annual payroll is $90,000, of which ORRC still owes $7,000 at year-end. f. At the end of the year, ORRC paid income tax of $15,000. There are no income taxes payable. g. Late in 2018, ORRC paid cash dividends of $40,000. h. For store fixtures, ORRC uses the straight-line depreciation method, over five years, with zero residual value