Name: ANSWERS Financial Accounting II Statement of cash flows assignment 1) Scheeler Company has the following comparative balance sheet data available: Receivable, set $260,00 400,00$20000 cumelatod otal Assets Pavable Pavable otal Liabilities & Additional information: 1. The company reports net income of $100,000 and depreciation expense of $20,000 for the year ending December 31, 2018. 2. Dividends declared and paid in 2018, $70,000 3. Equipment with a cost of $20,000 and accumulated depreciation of S10,000 was sold for S3,000. 4. New equipment was purchased for cash. 5. No common stock was retired during 2018. Using the indirect method, prepare the statement of cash flows for the year ending December 31, 2018