ework eBook Show Me How E Print Item Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 2017, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $59,780 $72,960 Accounts receivable (net) 91,860 98,350 Merchandise inventory 131,240 121,900 Prepaid expenses 5,350 3,690 Equipment 267,330 218,410 Accumulated depreciation equipment (69,510) (53,560) Total assets $486,050 $461,750 $102,070 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Excess of pald-in capital over par $96,510 138,530 0 16,000 232,000 10,000 130,000 Retained earnings 135,980 86,710 Total liabilities and stockholders' equity $486,050 $461,750 Check My Work 2 more Check My Work uses remaining Total liabilities and Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follow a. Net Income, $126,130. b. Depreciation reported on the income statement, $34,080. c. Equipment was purchased at a cost of $67,050, and fully deprecated equipment costing $18,130 was discarded, with no salva d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty e. 6,000 shares of common stock were issued at $18 for cash. f. Cash dividends declared and paid, $76,860. Required: Prepare a statement of cash flows, using the Indirect method of presenting cash flows from (used for) operating activities. Use the outflows, cash payments, decreases in cash, or any negative adjustments. Orange Angel Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow.lorom (used for) operating activities: III Changes in current operating assets and liabilities: Check My Work 2 more Check My Work usos remaining