Hor Question 1, P14-33A (si... Part 1 of 4 HW Score: 0%, 0 of 35 points Points: 0 of 35 Save Accountants for Smithson, Inc. have assembled the following data for the year ended December 31, 2018: Click the icon to view the current accounts.) Click the icon to view the transaction data.) Prepare Smithson's statement of cash flows using the Indirect method. Include an accompanying schedule of non-cash investing and financing activities. 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 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) Smithson, 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: Data Table 2018 2017 Current Assets: Cash $ 94,500 $ 17,000 Accounts Receivable 64,000 69,000 85,000 84,000 Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 57,400 55,700 14,600 17,200 ed d Print Done Data Table Data Table Transaction Data for 2018: Issuance of common stock for cash Depreciation expense $ 44,100 $ 35,000 17,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash 45,000 80,000 68,000 Purchase of equipment with cash Acquisition of land by issuing long-term notes payable 114,000 Gain on sale of building 5,500 Print Done Acquisition of Land by Issuing Long-term Notes Payable Cash Payment of Dividends anded December 31 view the transaction ar Cash Payment of Notes Payable an accompanying sch Cash Payment for Acquisition of Equipment oc ing m operating activities Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Receipt from Sale of Building Decrease in Accounts Receivable Decrease in Income Tax Payable Net Cash Provided by (Used for) Operating Activities Cash Payment for Acquisition of Equipment Cash Receipt from Issuance of Common Stock anded Decemb view the trans I Cash Receipt from Issuance of Notes Payable an accompanyi! Cash Receipt from Sale of Building cc Decrease in Accounts Receivable m operating act 70 Decrease in Income Tax Payable Depreciation Expense Gain on Sale of Building Increase in Accounts Payable Increase in Merchandise Inventory Net Cash Provided by (Used for) Operating Activities Print Prepare Smithson's statement of cash flows using the indirect method. Include an accompanying schedule Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use not select a label or enter a zero.) Smithson, 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: Net Cash Provided by (Used for) Operating Activities Hor Question 1, P14-33A (si... Part 1 of 4 HW Score: 0%, 0 of 35 points Points: 0 of 35 Save Accountants for Smithson, Inc. have assembled the following data for the year ended December 31, 2018: Click the icon to view the current accounts.) Click the icon to view the transaction data.) Prepare Smithson's statement of cash flows using the Indirect method. Include an accompanying schedule of non-cash investing and financing activities. 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 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) Smithson, 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: Data Table 2018 2017 Current Assets: Cash $ 94,500 $ 17,000 Accounts Receivable 64,000 69,000 85,000 84,000 Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 57,400 55,700 14,600 17,200 ed d Print Done Data Table Data Table Transaction Data for 2018: Issuance of common stock for cash Depreciation expense $ 44,100 $ 35,000 17,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash 45,000 80,000 68,000 Purchase of equipment with cash Acquisition of land by issuing long-term notes payable 114,000 Gain on sale of building 5,500 Print Done Acquisition of Land by Issuing Long-term Notes Payable Cash Payment of Dividends anded December 31 view the transaction ar Cash Payment of Notes Payable an accompanying sch Cash Payment for Acquisition of Equipment oc ing m operating activities Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Receipt from Sale of Building Decrease in Accounts Receivable Decrease in Income Tax Payable Net Cash Provided by (Used for) Operating Activities Cash Payment for Acquisition of Equipment Cash Receipt from Issuance of Common Stock anded Decemb view the trans I Cash Receipt from Issuance of Notes Payable an accompanyi! Cash Receipt from Sale of Building cc Decrease in Accounts Receivable m operating act 70 Decrease in Income Tax Payable Depreciation Expense Gain on Sale of Building Increase in Accounts Payable Increase in Merchandise Inventory Net Cash Provided by (Used for) Operating Activities Print Prepare Smithson's statement of cash flows using the indirect method. Include an accompanying schedule Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use not select a label or enter a zero.) Smithson, 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: Net Cash Provided by (Used for) Operating Activities