Managerial Accounting. Prepare cash flow statement (indirect method)

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O'Neill & Carter Co., Inc. Income Statement Year Ended Dec 31, 2018 $602,000 Sales Expenses: Cost of Goods Sold Depreciation Exp Amortization Exp Salaries Expense Rent Expense Interest Expense Income Tax Expense Total Expenses $322,000 15,000 13,000 78,400 21,000 5,200 56,000 510,600 91,400 Net Income O'Neill & Carter Co., Inc. Balance Sheet Dec 31, 2018 and Dec 31, 2017 2018 2017 Assets $19,900 36,300 148,200 2,000 32,000 130,000 (46,000) 41,000 $16,000 27,900 123,900 1,800 22,000 118,000 (39,000) 54,000 Cash Accts Rec Inventory Prepaid Rent Land Other Fixed Assets Accum Depr Patent Total Assets 363,400 324,600 Liabilities Accounts Payable 27,700 21.100 Liabilities Accounts Payable Salaries Payable Interest Payable Taxes Payable Bonds Payable Total Liabilities 21,100 5,700 27,700 6,200 1,600 6,800 46,000 88,300 400 7,600 36,000 70,800 Stockholders Equity Common Stock Paid-in-Capital in Excess of Par Retained Earnings Total Stockholders Equity Total Liabilities & Stockholders Equity 35,000 140,000 100,100 275,100 363,400 32,000 100,000 121,800 253,800 324,600 issuance of Bonds Payable, 10,000 No Land was sold in 2018 Cash was received through This cash was used later in 2018 to purchase Land A Fixed Asset was sold for $4,100 Fixed Assets worth $12,200 were damaged in an accident in 2018. Insurance claims have been filed, but not Total Cash Purchases of Fixed Assets $28,300 Cash Dividends Paid were $108,900 in 2018 an paid as of 12/31/18 Required: Prepare a Statement of Cash Flows for December 31, 2018 using the Indirect Method |(Reconcile Net Income to Net Operting Cash Only For Indirect Method)) O'Neill & Carter, Inc Statement of Cash Flows-Direct Year Ended 12/31/18 Cash Flows from Operating Activities: Net Income Adjustments to Net Income Total Adjustments Net Cash Flows Provided by Operating Activities Cash Flows from Investing Activities: Net Cash Flows Provided by Investing Activities Cash Flows from Financing Activities: Net Cash Flows Provided by Financing Activities Net Increase in Cash Cash, Beginning Cash, Ending