Net cash provided by investing activities Cash flows from financing activities Cash received from stock issuance $ 14,300 Net cash provided by financing activities Net decrease in cash Cash balance at beginning of year Cash balance at end of year $ 14,300 MONTGOMERY, INC. Statement of Cash Flows (Indirect Method) For Year Ended December 31, 2018 Cash flows from operating activities Net income 14,300 Adjustments to reconcile net income to net cash provided by operations: Changes in current operating assets and liabilities Decrease in accounts receivable Increase in inventory Decrease in accounts payable Decrease in salaries payable $ 14,300 Net cash provided by operating activities Cash flows from investing activities Cash paid for equipment Net cash provided by investing activities Cash flows from financing activities Cash received from stock issuance MONTGOMERY INC. Income Statement For Year Ended December 31, 2018 Sales $ 60, 900 Cost of goods sold (25,300) Gross profit 35,600 Operating expenses Depreciation expense $ 9,400 Other expenses 7,400 Total operating expense 16,800 Income before taxes 18,800 Income tax expense 4,500 Net income $ 14,300 Additional Information a. No dividends are declared or paid in 2018. b. Issued additional stock for $11,500 cash in 2018. c. Purchased equipment for cash in 2018; no equipment was sold in 2018. 1. Use the above financial statements and additional information to prepare a statement of cash flows for the year ended December 31, 2018, using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)