Ryle Exercise Equipment, Inc. reported the following financial statements for 2018:

Prepare the company's statement of cash flows-indirect method-for the year ended December 31, 2018. Assume investments are purchased with cash.

Ryle Exercise Equipment, Inc. reported the following financial statements for Prepare the company's statement of cash flows-indirect method-for the 2018 EEB (Click the icon to view the income statement.) EB (Click the icon to view the comparative balance sheet) (Click the icon to view additional information.) year ended December 31, 2018. Assume investments are purchased with cash. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Ryle Exercise Equipment, Inc. 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 Ryle Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses $ 716,000 341,000 375,000 $ 48,000 185,000 Depreciation Expense Other Operating Expenses Total Operating Expenses 233,000 $ 142,000 Net Income 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory $ 20,000 $ 14,000 45,000 91,000 50,000 80,000 Long-term Assets Plant Assets Accumulated Depreciation-Plant Assets Investments 216,600 (39,500) (33,600) 81,000 $478,000 $ 414,000 267,500 100,000 Total Assets Liabilities Current Liabilities Accounts Payable $ 77,000 $ 75,000 Salaries Payable 1,000 7,000 Long-term Liabilities 59,000 70,000 Notes Payable Total Liabilities 137,000 152,000 Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 37,000 225,000 262,000 $478,000 $ 414,000 46,000 295,000 341,000 yle calculated the following amounts for 2018 .Acquisition value of plant assets, $93,000 . Payment of dividends, $72,000 Payment of long-term notes payable, $11,000 . Cash receipt from issuance of common stock, $9,000 Ryle Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $42,100. No cash was received upon disposal