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Stevens Office Machines, Inc.'s accountants assembled the following selected data for the year ended December 31, 2018: EEB (Click the icon to view the current
Stevens Office Machines, Inc.'s accountants assembled the following selected data for the year ended December 31, 2018: EEB (Click the icon to view the current accounts.) Requirement 1. Prepare Stevens Office Machines, Inc.'s statement of cash flows using the indirect method to report operating activities. List noncash investing and financing activities on an accompanying schedule. EEB (Click the icon to view the transaction data.) Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities Net cash provided by (used for) operating activities Cash flows from investing activities: Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash: Cash balance, December 31, 2017 Net increase (decrease) in cash: Cash balance, December 31, 2017 Cash balance, December 31, 2018 Noncash investing and financing activities: Data Table 1 Net income.... 57,200 Loss on sale of equipment Payment of cash dividends . . . .18,700 Issuance of long-term note payable in exchange for cash .. . . 30,000 Purchase of building for cash Retirement of bonds payable by issuing common stock 125,000 56,000 Data Table 1 Stevens Office Machines, Inc. December 31 Current assets: Cash and cash equivalents. . . 2018 2017 $ 81,900$30,000 69,200 64,100 Current liabilities: 13,900 16,600
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