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Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income,

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Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. If an amount is not reported on the statement of cash flows, leave the amount box blank, The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Additional data obtained from the income statement anu a. Net income, $220,490. Additional data obtained from the Income statement and from an examination of the accounts in the ledger for 20y8 are as follows: a. Net income, $220,490. b. Depreciation reported on the income statement, $46,530. c. Equipment was purchased at a cost of $90,240, and fully depreciated equipment costing $25,130 was discarded, with no salvage restized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penaity. e. 8,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $134,360. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Changes in current operating assets and liabilities: Decrease in accounts receivable v Increase in merchandise inventory Increase in preosid expenses Increase in accounts payable Net cash flows from operating activities Cash flows from (used for) investing activities: cash paid for equipment Net cash flows used for investing activities Cash flows from (used for) financing activities: Cash received from issuing common stock ov Cash dividends Cash paid to retire mortqage note payable Net cash flows from financing activities Net decrease in cash Cash balance, January 1,20Y8 Cash balance, December 31,20 Y8

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