Jackson Software Corp. has assembled the following data for the years ending December 31, 2018 and 2017 B Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement 1. Prepare Jackson's statement of cash flows using the indirect method to report operating activities. Include a schedule of noncash investing and financing activities. Start by completing the cash flows from operating activities. Then complete the remaining sections of the statement of cash flows including the schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Jackson Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 x - X Data Table More Info Cash flows from operating activities: December 31, Adjustments to reconcile net income to net cash provided by used for) operating activities: 2018 2017 $ 14.000 Current Accounts: $ 5,000 Current assets Purchase of treasury stock .... 198,000 Gain on sale of equipment 21,700 Payment of cash dividends 10,200 Issuance of long-term note 20,000 payable to borrow cash 44.000 $ 30,000 48,100 $ 69,900 64,700 34,500 Transaction Data for 2018: Acquisition of land by issuing long-term note payable. Stock dividends. Collection of loan Depreciation expense Purchase of building with cash Retirement of bonds payable by issuing common stock Purchase of long-term investment with cash 90,000 80,000 Net income 60,000 3,100 1,800 Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities: Accounts payable Income tax payable Accrued liabilities 87,000 Issuance of common stock for cash 83,100 $ 55,600 71,000 Proceeds from sale of 57,700 $ 29.100 16,600 12,900 equipment 44,500 Amortization expense ......... Net cash provided by (used for) operating activities 14.900 27.100 6,000 Print Done Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check