Masterson Exercise Equipment, Inc. reported the following financial statements for 2018 (Click the icon to view the income statement.) Click the icon to view the comparative balance sheet.) Click the icon to view additional information.) Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities Choose from any list or enter any number in the input fields and then continue to the next question Masterson Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement) (Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 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 i Data Table Masterson Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 709,000 340,000 Cost of Goods Sold Gross Profit 369,000 Operating Expenses Depreciation Expense Other Operating Expenses Total Operating Expenses 50,000 215.000 265,000 $ Net Income 104,000 Print Done - X Sata Table Masterson Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash 15,000 20,000 $ 55,000 87,000 49,000 91,000 Accounts Receivable Merchandise Inventory Long-term Assets Plant Assets Accumulated Depreciation--Plant Assets 265,200 (40,200) 94,000 222,600 (33.600) 72,000 Investments 481,000 $ 416,000 Total Assets Liabilities Current Liabilities: Accounts Payable $ 80.000 $ 76.000 Print Done Data Table LUTY ROD Plant Assets Accumulated Depreciation-Plant Assets 265,200 (40,200) 94,000 222,600 (33.600) 72,000 Investments S Total Assets 481,000 $ 416,000 Liabilities 80,000 $ 5,000 76,000 5,500 58,000 71,000 Current Liabilities Accounts Payable Salaries Payable Long-term Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 5 Total Liabilities and Stockholders' Equity 143,000 152,500 48,000 290,000 31,000 232,500 338,000 263,500 481,000 $ 416,000 Print Done More Info - X . Masterson calculated the following amounts for 2018 Acquisition value of plant assets, $86,000 Payment of dividends, $46,500 Payment of long-term notes payable, $13,000 Cash receipt from issuance of common stock, 517,000 Masterson Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $43,400 No cash was received upon disposal Print Done Prepare the company's statement of cash flows-indirect method for the year ended December 31, 2018 Assume tments are purchased with cash (Use minus sign or parentheses for amounts that result in a decrease in cash a box is not used in the statement, leave the box omoly, do not select a label or enter a 20 )
