Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $68,700 $83,930 Accounts receivable (net) 105,570 113,140 Merchandise inventory 150,810 140,240 Prepaid expenses 6,140 4,250 Equipment 307,210 251,250 Accumulated depreciation equipment (79,870) (61,620) Total assets $558,560 $531,190 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $117,300 $111,020 Mortgage note payable 0 159,360 Common stock, $1 par 18,000 11,000 Excess of paid-in capital over par 283,000 150,000 Retained earnings 140,260 99,810 Total liabilities and stockholders' equity $558,560 $531,190 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, $103,550. b. Depreciation reported on the income statement, $39,100. C. Equipment was purchased at a cost of $76,810, and fully depreciated equipment costing $20,850 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. 7,000 shares of common stock were issued at $20 for cash. f. Cash dividends declared and paid, $63,100. 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, 20Y8 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 liabilities: 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, 2048 Cash balance, December 31, 2018