Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2048 and 2077, is as Dec. 31, 20Y8 Dec. 31, 2017 Assets $61,380 Cash Accounts receivable (net) $75,140 101,300 94,320 Merchandise inventory 134,740 125,570 Prepaid expenses 5,490 3,800 w 274,470 224,950 Equipment Accumulated depreciation equipment (71,360) (55,170) Total assets $499,040 $475,590 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable $104,800 $99,400 0 142,680 Common stock, $1 par Excess of paid-in capital over par 16,000 10,000 248,000 134,000 Retained earnings 130,240 89,510 Total liabilities and stockholders' equity $499,040 $475,590 uitiofa data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net Income, $104,270. b. Depreciation reported on the income statement, $34,860. C. Equipment was purchased at a cost of $68,190, and fully depreciated equipment costing $18,670 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 $20 for cash. f. Cash dividends declared and paid, $63,540. 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 ind 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: I Changes in current operating assets and liabilities