P11-59A (similar to) Question Help Fortune Software Corp. has assembled the following data for the years ending December 31, 2018 and 2017 Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement 1. Prepare Fortune's statement of cash flows using the indirect method to report operating activities. Include a schedule of noncash investing and financing activities Start by completing the cash flows from operating activities. Then complete the remaining sections of the statement of cash flows including the schedule of noncash Investing and financing activities. (Use parentheset or a minus sign for numbers to be subtracted and for a net decrease in cash) Fortune Software Corp Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by used for operating activities i Data Table X December 31, 2018 2017 Current Accounts: Current assets: $ 39,500 $ 23,000 Cash and cash equivalents Accounts receivable 69,900 64,700 Inventories 9,300 83,000 2,100 Prepaid expenses 3,100 Current liabilities: TA 9,100 $ 55,800 Accounts payable Income tax payable Accrued liabilities 28,400 17,200 15,800 7,800 Print Done i More Info X More Info - sting the Transaction Data for 2018: .. Acquisition of land by issuing long-term note payable.... Stock dividends. Collection of loan Depreciation expense. Purchase of building with cash Retirement of bonds payable by issuing common stock Purchase of long-term investment with cash Purchase of treasury stock ..... $ 11,800 203,000 Gain on sale of equipment 8,000 34,800 Payment of cash dividends 18,400 10,700 Issuance of long-term note 18,000 payable to borrow cash 34,900 Net income.. 62,000 159,000 Issuance of common stock for cash 39,000 68,000 Proceeds from sale of equipment 53,000 49,900 Amortization expense 6,000 Print Done