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Data Table Accountants for Carlson, Inc. have assembled the following data for the year ended December 31,2018: (Click the icon to view the current accounts.)
Data Table Accountants for Carlson, Inc. have assembled the following data for the year ended December 31,2018: (Click the icon to view the current accounts.) (Click the lcon to view the transaction data.) Prepare Carlson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities 2018 2017 Current Assets: 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 not select a label or enter a zero.) $ 104.300 $ 20,000 Cash Accounts Recelvable 69,100 64,500 Carlson, Inc. Merchandise Inventory 84,000 83,000 Statement of Cash Flows Current Liabilities Year Ended December 31, 2018 Accounts Payable 58,100 55,400 Cash Flows from Operating Activities: Income Tax Payable 16,300 14,900 66500 Net Income Adjustments to Reconcile Net Income to Net Cash Print Done Provided by (Used for) Operating Activities Depreciation Expense 22000 i Data Table Gain on Sale of Building 3500 Decrease in Accounts Receivable 4600 Increase in Accounts Payable 2700 Transaction Data for 2018: Increase in Merchandise Inventory 1000 S 36,000 S 43,100 Payment of notes payable Issuance of common stock for cash Decrease in Income Tax Payable 1400 Depreciation expense 22,000 Payment of cash dividends 52,000 68,000 Purchase of equipment with cash 79,000 Issuance of notes payable to borrow cash Net Cash Provided by (Used for) Operating Activities Acquisition of land by issuing long-term notes payable 123,000 Gain on sale of building 3,500 Cash Flows from Investing Activities: Book value of building sold 66,500 61,000 Net income Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Non-cash Investing and Financing Activities: 123000 Acquisition of Land by Issuing Long-term Notes Payable Total Non-cash Investing and Financing Activities
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