Next Company uses the Indirect Method to prepare the Statement of Cash Flows. A review of the Income Statement indicates the following items: Gain on Sale of Plant Assets $6,000 Current Assets (other than cash) increased by $36,000 Net Income for year ended 12/31/18 $73,500 Sold Equipment at Book Value $14,000 Account Payable decreased by $1,500 Issued Long Term Notes Payable $12,000 Purchased new Machinery (Valued at $9,000) in exchange for 2000 shs of $1 PV Common Stock Depreciation Expense $18,000

REQUIRED: Using Proper Form, Prepare the Cash Flow - Operations Section at 12/31/18.