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Chapter 13 Graded Homework Assignment i Saved Help Dec. 31, Jan. 1, 2018 2018 Income statement: Net Income $385,000 Depreciation Expense 135,000 Amortization of Intangible Assets 40.000 Gain on Sale of Plant Assets 90,000 10 Loss on Sale of Investments 35,000 points Balance sheet: Accounts Receivable $335,000 $380,000 Inventory 503,000 575,000 Prepaid Expenses 22,000 13,000 eBook Accounts Payable (to merchandise suppliers) 379,000 410,000 Accrued Expenses Payable 180,000 155,000 Print Using this information, prepare a partial statement of cash flows for the year ended December 31, 2018, showing the computation of net cash flows from operating activities by the indirect method. References + FREEMAN MACHINERY, INC. Partial Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Addition: Subtotal Deduction: Mc Graw Subtotal Deduction: Net cash flow from operating activities Mc Graw