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Ouesion Help Stenback Media Corporation had the following income statement and balance sheet for 2018 :(Click the icon to view the income statement) E (Click the icon to view the balance sheet) During the year Stenback issued a $4,800 note payable. Stenback acquired equipment worth $16,000, and made payments on the long-term notes payable in the amount of $9,800 during the year. Assume the company paid cash for the acquisition of plant assets. Prepare Stenback Media's statement of cash flows-indirect method-for the year ended December 31, 2018. 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.) Stenback Media Corporation Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities Net Income 18500 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Increase in Accounts Payable 3000 Increase in Accounts Payable 34000 Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All parts rersaininn X Data Table Stenback Media Corporation Income Statement Year Ended December 31, 2018 Sales Revenue 82,000 15.000 Depreciation ExpensePlant Assets 48,500 Other Expenses 18,500 Net Income Done Print Stenback Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash 5,400 $ 4,400 Accounts Receivable 10.100 7,600 Long-term Assets: Plants Assets 103.350 87,350 (31,350) (16,350) Accumulsted Depreciation-Plant Assets 87,500 S 83,000 Total Assets Liabilities Current Liabilities: Accounts Payable 9,500 S 6.500 Long-term Liabilities: 11,000 16.000 Notes Payable Total Liabilities 20,500 22.500 Print Done - X Data Table Stenback Media Corporation Income Statement Year Ended December 31, 2018 Sales Revenue 82.000 Depreciation Expense Plant Assets 15,000 48,500 Other Expenses 18,500 Net Income Done Print - X Dala Table d in parative Haance So December 31, 2018 and 2017 2017 2018 Assets Current Assets: 5,400 $ 4,400 Cash 7,800 10,100 Accounts Receivable Long-term Assets: 87,350 103,350 Plants Assets (16,350) (31,350) Accumulated Depreciation-Plant Assets 87,500 S 83,000 Total Assets Liabilities Current Liabilities: 9.500 $ 6,500 Accounts Payable Long-term Liabilities: 16,000 11,000 Notes Payable 20,500 22,500 Total Liabilities Stockholders' Equity 21,000 39,500 Common Stock, no par 28,000 30,000 Retained Earnings 80,500 67,000 Total Stockholders Equity 87,500 $ 83,000 Total Liabilities and Stockholders' Equity