Don't understand the cash flows statement. Needs to be filled in

Sweet Motors, Inc., was formed on January 1, 2018. The following transactions occurred during 2018: (Click the icon to view the transactions.) Read the requirements. ( More Info Requirement 1. Prepare Sweet's income statement for the year ended Decel expenses together. Sweet Motors, Inc. Income Statement Year Ended December 31, 2018 Revenue: Sales revenue $ 504,000 282,000 Expenses: Cost of goods sold Salary expense Depreciation expense Rent expense On January 1, 2018, Sweet issued its common stock for $430,000. Early in January, Sweet made the following cash payments: a. $160,000 for equipment b. $234,000 for inventory (six cars at $39,000 each) c. $18,000 for 2018 rent on a store building In February, Sweet purchased four cars for inventory on account. The cost of this inventory was $192,000 ($48,000 per car). Before year-end, the company paid off $115,200 of this debt. The company uses the first-in, first-out (FIFO) method to account for its inventory During 2018, Sweet sold seven autos for a total of $504,000. Before year-end, it had collected 40% of this amount. The business employs two people. The combined annual payroll is $60,000, of which Sweet owes $8,000 at year-end. At the end of the year, the company paid income taxes of $22,000. Late in 2018, Sweet declared and paid cash dividends of $12,000. For equipment, Sweet uses the straight-line depreciation method, over five years, with zero residual value. 60,000 32,000 18,000 22,000 Income tax expense Net income (loss) $ 90,000 Requirement 2. Prepare Sweet's balance sheet at December 31, 2018. Print Done Choose from any list or enter any number in the input fields and then clic A parts 4 remaining Clear All Check Answer Sweet Motors, Inc., was formed on January 1, 2018. The following transactions occurred during 2018: (Click the icon to view the transactions.) Read the requirements. Balance Sheet December 31, 2018 Assets Liabilities Current assets: Current liabilities: Cash $ 18,400 Accounts payable $ 76,800 8,000 Accounts receivable Salary payable 302,400 144,000 Inventory Total current liabilities 84,800 Total current assets 464,800 Stockholders' equity Common stock Property, plant, and equipment: 430,000 78,000 Equipment $ 160,000 (32,000) Retained earnings Total stockholders' equity Less: Accumulated depreciation 128,000 508,000 Total assets $ 592,800 Total liabilities and stockholders' equity $ 592,800 Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining Check Answer Clear All Requirement 3. Prepare Sweet's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash. Enter "O" for zero balances.) Sweet Motors, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: 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. parts remaining Clear All Check