Behemoth Manufacturing makes and sells integrated circuit boards. At the end of 2018, the income statement and comparative balance sheet were prepared as shown below. Behemoth Manufacturing Balance Sheet As at April 30 2018 2017 Assets Current Assets Cash $193,075 $121,900 Accounts Receivable $241,300 $263,100 Merchandise Inventory $506,300 $451,300 Prepaid Expenses $24,100 $24,100 Total Current Assets $964,775 $860,400 Noncurrent Assets Land $24,600 Equipment $345,000 $345,000 Less: Accumulated Depreciation $ 104,500 $97,500 Total Noncurrent Assets $240,500 $272,100 Total Assets 51,205,275 51,132,500 Labilities Gurrerit Liabilities Accounts Payable $318,500 $320,100 Notes Payable. Current Portion $33,600 $25,200 Total Current Liabilities $352,100 $345,300 Notes Payable, Long-Term Portion $206,200 $192.100 Current Assets Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Noncurrent Assets $193,075 $121,900 $241,300 $263,100 $506,300 $451,300 $24,100 $24,100 $964,775 $860,400 Land Equipment Less: Accumulated Depreciation Total Noncurrent Assets $24,600 $345,000 $345,000 $-104,500 $-97,500 $240,500 $272,100 $1,205,275 $1,132,500 Total Assets Liabilities Current Liabilities Accounts Payable $318,500 $320,100 Notes Payable, Current Portion $33,600 $25,200 Total Current Liabilities $352,100 $345,300 Notes Payable, Long-Term Portion $208,200 $ 192,100 Total Liabilities $560,300 $537,400 Stockholders' Equity Common Stock $298,000 $255,000 Retained Earnings $346,975 $340,100 Total Stockholders' Equity $644,975 $595,100 Total Liabilities and Equity $1,205,275 $1,132,500 Total Liabilities and Equity $1,205,275 $1,132,500 Additional Information: During 2018, land was sold for a loss of $5,400. There was no purchase of equipment throughout the year. The company did not pay off any amount of the notes payable. Behemoth Manufacturing Income Statement For the Year Ended April 30, 2018 Sales $2,093,000 Cost of Goods Sold $1,255,800 Gross Profit $837,200 Operating Expenses Depreciation Expense $7,000 Other Operating Expenses $729,300 Total Operating Expenses $736,300 Income from Operations $100,900 Other Income Loss on Sale of Land $-5,400 Income before Income Tax $95,500 Income Tax $33,425 Net Income $62,075 Create the cash flow statement using the indirect method. Do not enter dollar signs.or.commas in the input boxes. Use the negative sign for a decrease in cash, Income Tax $33,425 $62,075 Net Income Create the cash flow statement using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Behemoth Manufacturing Cash Flow Statement For the Year Ended April 30, 2018 Cash Flow from Operating Activities Net Income Adjustments to Reconcile Net Income to Cash Depreciation Loss on Sale of Land Change in Operating Assets and Liabilities Decrease in Accounts Receivable Increase in Merchandise Inventory Decrease in Accounts Payable Net Cash Provided (Used) by Operating Activities Cash Flow from Investing Activities Change in Operating Assets and Liabilities Decrease in Accounts Receivable Increase in Merchandise Inventory Decrease in Accounts Payable Net Cash Provided (Used) by Operating Activities Cash Flow from Investing Activities Sale of Land Net Cash Provided (Used) by Investing Activities Cash Flow from Financing Activities Proceeds from Notes Payable Payment of Cash Dividend Issue of Common Stock Net Cash Provided (Used) by Financing Activities Net Increase (Decrease) in Cash Cash at the Beginning of the Year Cash at the End of the Year