Requirement 1. Prepare Morston Office Machines, Inc.'s statement of cash flows using the indirect method to report operating activities. List noncash investing and financing activities on an accompanying schedule. Data Table flows from operating activities. (Use parentheses or a s, Inc. Morston Office Machines, Inc. December 31 2018 2017 pws .2018 Current assets: Cash and cash equivalents ..... $ Accounts receivable Inventory ..... Current liabilities: Accounts payable ..$ Income tax payable 91,800 $ 69,600 79,100 29,000 64,300 84,000 58,700 $ 14,400 56,000 16,900 0 Data Table Print Net cash provided by Cash flows from invest Net cash provided by Cash flows from financ Transaction Data for 2018: Net income ..........$ 57,600 Purchase of treasury stock 14,000 Issuance of common stock for cash 36,700 Loss on sale of equipment 13,000 Payment of cash dividends 18,900 Depreciation expense 21,600 Issuance of long-term note payable in exchange for cash..... 40,000 Purchase of building for cash 123,000 Retirement of bonds payable by issuing common stock 64,000 Sale of equipment for cash 50,000 Choose from any list or enter