Following are balance sheet data for Quality Merchandise, Inc.: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets (net of accumulated depreciation) Accounts payable Accrued liabilities payable Capital stock Retained earnings December 31 2018 2017 $ 47,000 $ 26,000 141,000 134,000 83,000 102,000 9,000 11,000 235,000 230,000 122,000 127,000 40,000 41,000 300,000 300,000 53,000 35,000 Assume that the depreciation recorded in 2018 was $ 15,000. Assume the net income for 2018 was $24,000. Compute the cash spent to purchase plant assets, assuming no assets were sold or scrapped in 2018. Also compute the amount of dividends declared. Cash paid to purchase plant assets Cash paid for dividends Exercise H Using the above data, prepare the statement of cash flows