P16-33A (book/static) Accountants for Morganson, Inc. have assembled the following data for the year ended December 31, 2018: EEB (Click the icon to view the current accounts.) EEB (Click the icon to view the transaction data.) Prepare Morganson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, zero.) Data Table Data Table Transaction Data for 2018: 2018 2017 $ 46,100 $38,000 Issuance of common stock for cash Payment of notes payable Current Assets: Depreciation expense 24,000 50,000 Payment of cash dividends $ Cash 99,400 $ 25,000 62,000 Purchase of equipment with cash 74,000 Issuance of notes payable to borrow cash Accounts Receivable 64,100 69,700 4,500 Acquisition of land by issuing long-term notes payable 119,000 Gain on sale of building Merchandise Inventory 83,000 75,000 Book value of building sold 54,000 Net income 68,500 Current Liabilities: Accounts Payable 57,600 55,200 Income Tax Payable 14,800 16,800 Print Done Print Done Net Cash ProVided by (Used for) Operating Activities