Im/takeAssignment/takeAssignmentMain.do?invokeretakeAssignmentSessionLocatorBinprogress-false Calculator Sancamento FIOWE The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2018 and 2017, is as follows: Dec. 31, Dec. 31, 20Y8 2017 Assets Cash $63,340 $77.950 Accounts receivable (net) 97,330 105.080 Merchandise Inventory 139,040 130,230 Prepaid expenses 5,660 3,950 Equipment 283,230 233,350 Accumulated depreciation equipment (73,640) (57,230) Total assets $514,960 $493,330 $103,110 $108,140 0 148,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, 51 par Excess of paid in capital over par Retained earnings Total liabilities and stockholders' equity 10.000 16,000 241,000 139,000 93.220 149,020 $514,960 $493,330 hp do "1" SC 9 5 96 5 & 7 C 9 6 00 O _R T Y U o 2 G H enter //takeAssignment/takeAssignmentMain doinvoker-&takeAssignmentSessionLocator=&inprogress=false Calculator Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $108,140 $103,110 Mortgage note payable 0 148,000 Common stock, si par 16,000 10,000 Excess of pald-in capital over par 241,000 139,000 Retained earnings 149,820 93,220 Total liabilities and stockholders' equity $514,960 $493,330 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net income, 5144,900 b. Depreciation reported on the income statement, $35,780. c. Equipment was purchased at a cost of $69,250, and fully depreciated equipment costing $19,370 was discarded, with no salvage realized. 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, 588,300. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from used for) operating activities. Use the minus sign to indicate cash 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 flow from used for operating activities BE hp See $10 DI SO & 7 C 9 5 6 00 O 2 T Y P G J K L + 42 Onlinex Mall Taylor Giant K-Out MInbox - gtlivestockmo@gmx N Parking Permit Registration X takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator-&inprogress-false Calculator Orange Angel Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: DI DWI I O Net cash flows from operating activities Cash flows from (used for) Investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Ali E hp ve & 7 5 8 9 Net cash flows from operating activities Cash flows from (used for) Investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1, 2018 Cash balance, December 31, 2048 All work saved. Email Instructor Submit te II E hp DIY 9 & 7 5 6 8 9 6 T Y U o P [ 3 G H K