Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2018 and 2017, is as follows: Cash Accounts receivable (nt) Merchandise inventory Prepaid expenses Equipment Assets Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable (marchandise creditors) Mortgage note payable Common stock, $1 par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity Dec. 31, 2018 Dec. 31, 2017 $62,150 $76,410 95,510 103,000 136,430 127,670 5,560 3,870 277,930 228,740 (72,260) (56,100) $505,320 $483,590 $106,120 $101,070 0 145,080 16,000 10,000 238,000 136,000 145,200 91,440 $505,320 $483,590 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net income, $137,630. b. Depreciation reported on the income statement, $35,150. c. Equipment was purchased at a cost of $68,180, and fully depreciated equipment costing $18,990 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 6,000 shares of common stock were issued at $18 for cash. f. Cash dividends declared and paid, $83,870. Required Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Orange Angel Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20YS Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liablities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1, 2018 Cash balance, December 31, 2018 000000000 0 0 0000