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Statement of Cash Hows The comparative balance sheet of Orange Angel Enterprises inci at Decerbber 31,20 . 8 and 20Y7, is as follows: Additional data

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Statement of Cash Hows The comparative balance sheet of Orange Angel Enterprises inci at Decerbber 31,20 . 8 and 20Y7, is as follows: Additional data obtained from the income statenent and from an examination of the accounts in the ledger for 20 orb.are as follows: a. Net income, $176,100 b. Depreciation reported on the income statensent, $46,240. c. Equiament was purchased of a cost of $89,680, and fully depreciated equipment costing $24,970 was discarded, with no salvage realued. d. The mortgoge 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 $18 for cash. 1. Cash dividends dedared and paid, $107,310. Requiredt Prepare a statement of cash llows, using the inditect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outilows, cash payments, decreases in cash, or any negotive adjuntments. Cash flows fram (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and labbilities: Net cash flows from operating activithes Cash flows from (used for) investang activities: Net cash flows used for investing activities Cash llows from (used for) financing activities: Net cash flows from financing activities Cash bolance, January 1, 20Y8 Cath balance, December 31, 20Y8

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