Prepare the statement of cash flows of

Carlson

Educational Supply for the year ended December 31, 2018.

Use the indirect method to report 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, leave the box empty; do not select a label or enter a zero.)

Complete the statement one section at a time, beginning with the cash flows from operating activities.

Homework: HW CH 14 Save Score: 0 of 70 pts 4 of 4 (3 complete) HW Score: 30%, 30 of 100 pts P14-42B (similar to) Data Table The comparative balance sheet of Carlson Educational Supply at December 31, 2018, rep E (Click the icon to view the comparative balance sheet.) Carlson's transactions during 2018 included the following: E (Click the icon to view the transactions.) $ 18,200 $ 17,100 Depreciation expense Purchase of building with cash 54,300 108,000 Read the requirements. Payment of cash dividends Purchase of equipment with cash Issuance of long-term notes payable to borrow cash Issuance of common stock for cash 55,000 Net income 66,600 Carlson Educational Supply 104,000 Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities Print Done Net Income OOOUU Data Table Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: 2018 2017 Current Assets: Cash $ 85,700 $ 19,500 21,700 Accounts Receivable 14,600 62,800 59,400 Merchandise Inventory Current Liabilities: Accounts Payable Accrued Liabilities 31,100 10,200 29,600 11,400 Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts Clear All remaining Print Done