Data Table Press Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 717,000 340,000 377,000 Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense $ 46,000 180,000 Other Operating Expenses Total Operating Expenses 226,000 $ 151,000 Net Income i Data Table Press Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash Accounts Receivable 18,000 $ 56,000 83,000 14,000 49,000 86,000 Merchandise Inventory Long-term Assets: Plant Assets Accumulated DepreciationPlant Assets 268,500 (40,500) 93,000 215,600 (36,600) 77,000 Investments 170 000 105.000 Accumulated DepreciationPlant Assets Investments (40,500) 93,000 478,000 $ (36,600) 77,000 405,000 $ Total Assets Liabilities Current Liabilities: $ Accounts Payable Salaries Payable Long-term Liabilities: 75,000 $ 3,500 72,000 7,500 Notes Payable 58,000 71,000 Total Liabilities 136,500 150,500 Stockholders' Equity Common Stock, no par 46,000 295,500 36,000 218,500 Retained Earnings 341 500 254 500 IUlal LiabiliLIC TJU, JUU TJU, JUU Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 46,000 295,500 36,000 218,500 341,500 254,500 405,000 $ 478,000 $ Total Liabilities and Stockholders' Equity Press Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Prepare the company's statement of cash flows-indirect methodfor the year ended December 31, 2018. Assume investments are purchased with cash. (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.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Press Exercise Equipment, Inc. 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: Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 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) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018