Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Cash Accounts receivable (net) Merchandise Inventory Prepaid expenses Equipment Assets Accumulated depreciation-equipment Total assets < Liabilities and Stockholders' Equity Dec. 31, 20Y8 Dec. 31, 20Y7 $71,360 $87,180 109,650 117,520 156,660 145,660 6,380 4,410 319,100 260,980 (82,970) (64,000) $580,180 $551,750 Accounts payable (merchandise creditors) $121,840 $115,320 Mortgage note payable 0 165,530 Common stock, $1 par 19,000 12,000 Excess of paid-in capital over par 261,000 156,000 Retained earnings 178,340 102,900 Total liabilities and stockholders' equity $580,180 $551,750 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, $193,130. b. Depreciation reported on the income statement, $40,630. c. Equipment was purchased at a cost of $79,780, and fully depreciated equipment costing $21,660 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 $16 for cash. f. Cash dividends declared and paid, $117,690. 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, 2018 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Q O < 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, 20Y8 Cash balance, December 31, 2018 0000 000 000000