Hought Office Machines, Inc.'s accountants assembled the following selected data for the year ended December 31, 2018: (Click the icon to view the current accounts.) E (Click the icon to view the transaction data.) Requirement 1. Prepare Hought Office Machines, Inc.'s statement of cash flows using the indirect method to report operating activities. List noncash investing and financing activities on an accompanying schedule. X eeee Data table Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) Hought Office Machines, Inc. Statement of Cash Flows - X Data table Year Ended December 31, 2018 Cash flows from operating activities: Hought Office Machines, Inc. Net income December 31 2018 2017 Adjustments to reconcile net income to net cash Current assets: provided by (used for) operating activities: Cash and cash equivalents ..........$ 84,500 S 28.000 Accounts receivable 69,800 65,000 Inventory ..... 78,000 83.400 Current liabilities: Accounts payable ......$ 58,400 $ 55,400 $ Income tax payable ..... 14,100 16,800 Transaction Data for 2018: Net income $57,000 Purchase of treasury stock 14,300 Issuance of common stock for cash 36,500 Loss on sale of equipment 8,000 Payment of cash dividends 18,000 Depreciation expense 21,400 Issuance of long-term note payable in exchange for cash .................. 40,000 Purchase of building for cash ......... 128,000 Retirement of bonds payable by issuing common stock ........ 64,000 Sale of equipment for cash .......... 53,000 Net cash provided by (used for) operating activities Cash flows from investing activities: Print Done Print Done 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 Noncash investing and financing activities