Ryle Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) B Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Prepare the company's statement of cash flows-indirect method for the year ended December 31, 2018. Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash. 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 Cash Flows from Investing Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 -X - X Data Table 0 Data Table $ 2017 714,000 341,000 Ryle Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense $ 53,000 Other Operating Expenses 190.000 Total Operating Expenses Net Income 373,000 18,000 51,000 87.000 243,000 S 130,000 Ryle Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 Assets Current Assets Cash S 19.000 $ Accounts Receivable 52.000 Merchandise Inventory 85.000 Long-term Assets: Plant Assets 271,600 Accumulated Depreciation Plant Assets (42.600) Investments 91.000 $ Total Assets 476,000 $ Liabilities Current Liabilities: Accounts Payable S 82.000 $ Salaries Payable 1,000 Long-term Liabilities: 59.000 Notes Payable Total Liabilities 142.000 Stockholders' Equity 223,400 (36,400) 79.000 - X More Info 422,000 72,000 6.000 Ryle calculated the following amounts for 2018: . Acquisition value of plant assets. $95.000. Payment of dividends, $80.000 . Payment of long-term notes payable, $13,000. . Cash receipt from issuance of common stock, $12,000. Ryle Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $48.800. No cash was received upon disposal. 72.000 150.000 Assets $ 19,000 $ 18.000 52.000 51.000 87.000 85.000 Current Assets Cash Accounts Receivable Merchandise Inventory Long-term Assets: Plant Assets Accumulated DepreciationPlant Assets Investments 271,600 (42,600) 91,000 223.400 (36,400) 79.000 $ 476,000 $ 422,000 Total Assets Liabilities $ 82.000 $ 72.000 1.000 6.000 Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: Notes Payable Total Liabilities 59.000 72.000 142.000 150.000 Stockholders' Equity Common Stock, no par 44,000 290.000 32.000 240.000 Retained Earnings Total Stockholders' Equity 334.000 272.000 $ 476,000 $ 422,000 Total Liabilities and Stockholders' Equity