O'Malley Office Machines, Inc.'s accountants assembled the following selected data for the year ended December 31, 2018 E (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement Prepare O'Malley Office Machines, Inc.'s statement of cash flows using the indirect method to report operating activities. List noncash investing and financing activities on an accompanying schedule. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) O'Malley Office Machines, Inc. Statement of Cash Flows 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: 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 Noncash investing and financing activities: - X Data table Data table Transaction Data for 2018: O'Malley Office Machines, Inc. Net income $ 60,000 December 31 2018 2017 Purchase of treasury stock 14,300 Current assets: Issuance of common stock for cash 36,100 Cash and cash equivalents 90,500 $ 28,000 11,000 Accounts receivable 70,100 64,600 84,300 18,000 Inventory 79,000 21,900 Current liabilities: Loss on sale of equipment Payment of cash dividends Depreciation expense Issuance of long-term note payable in exchange for cash Purchase of building for cash Retirement of bonds payable by issuing common stock Sale of equipment for cash 32,000 58,600 $ 56,000 Accounts payable Income tax payable 123,000 14,000 16,600 65,000 57,000 Print Done Print Done