Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 2077, is as follows: Dec. 31, 2048 Dec. 31, 2017 Assets Cash $96,100 $78,420 120,490 172,140 129,550 160,550 7,010 4,870 Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation equipment Total assets 350,640 (91,170) 287,680 (70,550) $609,200 $637,530 $133,880 $127,110 0 182,460 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, 51 par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity 21,000 13,000 324,000 172,000 113,630 158,650 $637,530 $608,200 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Ya are as follows: a. Net Income, $115,250. b. Depreciation reported on the income statement, $44,500. c. Equipment was purchased at a cost of $86,840, and fully depreciated equipment costing $23,880 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. 8,000 shares of common stock were issued at $20 for cash. f. Cash dividends declared and paid, 570,230. 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: