Pumbu VILICA U WC LLC LO 2,3 P11-59A. (Learning Objectives 2.3: Prepare the statement of cash flows Smither Software Corp. has assembled the following data for the years en 2018 and 2017 are the statement of cash flows-indirect method) owing data for the years ending December 31, A1 e December 31, 2018 2017 3 4 5 $ $ Current Accounts: Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities: Accounts payable Income tax payable Accrued liabilities 66,500 21,000 89,500 3,600 26,000 64,300 79,000 2,300 8 9 10 $ $ 11 58,100 18,500 15.100 55,300 16,200 17,200 13 $204,000 31,400 11,000 21,000 $14,500 4,000 19,000 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..... Loss on sale of equipment..... Payment of cash dividends .... Issuance of long-term note payable to borrow cash..... Net income.................... Issuance of common stock for cash... Proceeds from sale of equipment ....... Amortization expense.......... 24,400 66,000 97,000 37,000 60,000 44700 12,700 5,100 Requirement 1. Prepare Smither's statement of cash flows using t Smither's statement of cash flows using the indirect method to report operating activities. Include a schedule of noncash investing and financing activities