Requirement 1. Prepare the statement of cash flows of Carbon Educational Supply for the year ended December 31, 2018 Uke the indirect method to report cash Bows from operating activities (use a minus sign or parentheses for amounts that rein a decrease in casa box in oned in the statement leave the box empty do not select a laborator a zero) Complete the woment one section at a time, beginning with the cash flows from operating activities Carlson Educational Supply Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities Net Incom Adjustments to Recondi Net Income to Na Cash Provided by used for Operating Activities Chem or entrany number the w a nden Check Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Data Table 2018 2017 $ Current Assets Cash Accounts Receivable Merchandise Inventory Current Liabilities Accounts Payable Accrued Liabilities 87,300 $ . 15.100 63.600 18,000, 21.500 59.000 31600 26.600 10.800 Data Table let Cas $ $ Payment of cash dividends Purchase of equipment with cash Issuance of long-term notes payable to borrow cash Issuance of common stock for cash 19,200 53,900 54,000 104.000 Depreciation expense Purchase of building with cash Net income 16,600 104,000 65,600 print. Done on Edua sed in th the cas pply 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 2. Evaluate Carlson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation 3. If Carlson plans similar activity for 2019, what is its expected free cash flow? WS 2018 Print Done