Requirement one: Prepare the statement of cash flow's of Dumont educational supply for the year ended December 31, 2018

2018 2017 Current Assets: Cash $ 99,900 $ 26,500 Accounts Receivable 14,900 21,900 62,800 59,400 Merchandise Inventory Current Liabilities: Accounts Payable 31,600 31,100 Accrued Liabilities 10,500 11,400 $ Payment of cash dividends Purchase of equipment with cash Issuance of long-term notes payable to borrow cash Issuance of common stock for cash 21,200 55,100 55,000 107,000 Depreciation expense Purchase of building with cash Net income $ 16,900 99,000 66,600 Dumont Educational Supply Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities