Requirement 2 Prepare the James Island Clothing Company statement of cash flows for the six months ended December 31, 2018. Use the indirect method Format cash flows from operating activities by the indirect method. Leave cells blank if not used Note: Some of the input cells marked in blue may not require entries. THE JAMES ISLAND CLOTHING COMPANY Statement of Cash Flows Six Months Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adiustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Expense Plant Assets Increase in Accounts Receivable Increase in Invento Increase in Accounts Payable Increase in Notes Payable-Short Term Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Cash Paid for Acquisition of Plant Assets Net Cash Used for Investing Activities Cash Flows from Financing Activities: Cash Receipt from Issuance of Common Stoc Cash Payment of Dividends Net Cash Provided by Financing Activities Net Increase (Decrease) in Cash: Cash Balance, July 1, 2018 Cash Balance, December 31, 2018 2,600 $ 6,000 12,000 4,400 5,500 10,000 7,700 (11,000) 11,000 100,000 (1,000) 99,000 95,700 $ 95,700 Non-cash Investing and Financing Activities Acquisition of Plant Assets with Long-Term Notes Payable Total Non-cash Investing and Financing Activities