Net income for the year was $105,000.

Dividends of $90,000 cash were declared and paid.

Scoretecks only noncash expense was $75,000 of depreciation.

The company purchased plant assets for $75,000 cash.

Notes payable of $25,000 were issued for $25,000 cash.

Complete the following spreadsheet in preparation of the statement of cash flows. (The statement of cash flows is not required.) Report operating activities under the indirect method. (Enter all amounts as positive values.)

SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2017 Dec. 31, Analysis of Changes Dec. 31, 2016 Debit Credit 2017 Balance Sheet-Debit Bal. Accounts Cash Accounts receivable Inventory Plant assets 95,000 125,000 260,000 605,000 1,085,000 70,000 200,000 235,000 680,000 $ 1,185,000 Balance Sheet-Credit Bal. Accounts Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings 105,000 160,000 375,000 205,000 240,000 1,085,000 180,000 145,000 400,000 205,000 255,000 $ 1,185,000 Statement of Cash Flows Operating activities Investing activities Financing activities