Cole Media Corporation had the following income statement and balance sheet for 2018 (Click the icon to view the income statement.) EEE (Click the icon to view the balance sheet.) During the year Cole issued a $5,400 note payable. Cole acquired equipment worth $20,000, and made payments on the long-term notes payable in the amount of $12,400 during the year. Assume the company paid cash for the acquisition of plant assets Prepare Cole Media's statement of cash flows-indirect method for the year ended December 31, 2018 Data Table Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the s Cole Media Corporation Statement of Cash Flows Year Ended December 31, 2018 Comparative Balance Sheet December 31, 2018 and 2017 2017 Cash Flows from Operating Activities Assets Net Income Current Assets Adjustments to Reconcile Net Income to Cash $ 5,200 $ 4,300 Data Table Net Cash Provided by Operating Activities Accounts Receivable 9,000 8,100 Long-term Assets Plants Assets Cole Media Corporation Income Statement Year Ended December 31, 2018 102,350 82,350 (23,350) (17,350) $ 93,200 $ 77,400 Accumulated Depreciation-Plant Assets Total Assets Sales Revenue Depreciation Expense-Plant Assets Other Expenses Net Income 81,000 6,000 55,000 20,000 Net Cash Provided by (Used for) Operating Activities Liabilities Current Liabilities Accounts Pavable $ 7,000 $ 3,500 Long-term Liabilities 7,000 14,000 Notes Payable PrintDone Total Liabilities 4,000 17,500 Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 21,000 15,000 58,200 44,900 79,200 59,900 $ 93,200 $ 77,400 Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All