Options for box underneath "cash flows from operating activities": net earnings or net loss

Options for the next three sections: decrease in accounts payable, decrease in prepaid expenses, depreciation and amortization expense, increase in accounts receivable, increase in accrued liabilities, increase in income tax payable, increase in inventory, issuance of common shares, net increase in cash and short-term investments, payment of cash dividends, purchase of equipment, repayment of long-term note, sale of equipment, sale of land

Options for box underneath "net cash flow from financing activities": net increase in cash and short-term investments or net decrease in cash and short-term investments

*PLEASE NOTE: I want the answers presented exactly in the format of the table provided above. Do not change the format of the table. The boxes outlined in blue are where your answers should be. For the far right side of the table, input numbers in the boxes with "0" (as well as the one box outlined in blue). Please also explain your work.

The comparative statements of financial position of Mikos Inc. as at December 31, 2017 and 2018, and its statement of earnings for the year ended December 31, 2018, are presented below: 2017 $ MIKOS INC. Comparative Statements of Financial Position December 31 2018 Assets Cash 9,800 Short-term investments 58,600 Accounts receivable 72,000 Inventories, at cost 55,600 Prepaid expenses 4,800 Land 48,200 Property, plant, and equipment, net 283,200 Intangible assets 24,800 17,800 30,400 29,200 40,800 7,600 74,000 183,000 29,600 $ 557,000 $ 412,400 $ Liabilities and Shareholders' Equity Accounts payable Income tax payable Accrued liabilities Long-term notes payable Contributed capital Retained earnings 17,800 $ 41,600 7,600 1,800 10,800 -0- 118,000 166,000 216,000 64,000 186,800 139,000 $ 557,000 $412,400 $ 874,000 MIKOS INC. Statement of Earnings For the Year Ended December 31, 2018 Sales Cost of sales Amortization expense intangible assets Depreciation expense-property, plant, and equipment Operating expenses Interest expense $ 438,000 4,800 33,800 229,000 12,800 718,400 Earnings before income taxes Income tax expense 155,600 46,680 Net earnings $ 108,920 Additional information is as follows: a. Land was sold for cash at its carrying amount. b. The short-term investments will mature in February 2019 (i.e. these are cash equivalents). c. Cash dividends were declared and paid in 2018. d. New equipment with a cost of $166,800 was purchased for cash, and old equipment was sold at its carrying amount. e. Long-term notes of $14,000 were paid in cash, and notes of $34,000 were converted to shares. Required: 1. Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2018 by using the indirect method. When dealing with depreciation and amortization expenses (in the operating section), place them together as a single line item. (Negative answers should be indicated by a minus sign.) MIKOS INC. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net earnings to net cash provided by operating activities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Cash and short-term investments, beginning of year Cash and short-term investments, end of year