Take me to the text Breakwater Boats sells boating accessories. At the end of 2018, the income statement and comparative balance sheet were prepared as shown bele Breakwater Boats Balance Sheet As at May 31 2018 2017 Assets Current Assets Cash $114 120 $55,900 Accounts Receivable $98,400 577,200 Merchandise Inventory $212,000 $181,100 Prepaid Expenses $15,000 $15,000 Total Current Assets $439,520 $329,200 Noncurrent Assets Land 50 $43,000 Equipment $332,000 5332,000 Less. Accumulated Depreciation S-29,500 $ 21,100 Total Noncurrent Assets $302.500 $353,900 Total Assets $742.020 $683,100 Liabilities Current Liabilities Accounts Payable $49,300 $46, 100 Accounts Payable $49,300 $46,100 Notes Payable, Current Portion $7,200 $7,200 Total Current Liabilities $56,500 $53,300 Notes Payable, Long-Term Portion $61,800 $69,000 Total Liabilities $118,300 $122,300 Stockholders' Equity Common Stock $152,000 $152,000 Retained Earnings $471,720 $408,800 Total Stockholders' Equity $623,720 $560,800 Total Liabilities and Equity $742,020 $683,100 Additional Information: During 2018, land was sold for a gain of $7,700. There was no purchase of equipment throughout the year. Breakwater Boats Income Statement For the Year Ended May 31, 2018 Sales $556,000 Cost of Goods Sold $333,600 Gross Profit $222,400 Operating Expenses Depreciation Expense $8,400 Other Operating Expenses $64,900 Total Operating Expenses $73,300 Income from Operations $149,100 Other Operating Expenses $64,900 Total Operating Expenses $73,300 Income from Operations $149,100 Other Income and Expenses Gain on Sale of Land $7,700 Income before Income Tax $156,800 Income Tax $54,880 Net Income $ 101,920 Create the cash flow statement using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Breakwater Boats Cash Flow Statement For the Year Ended May 31, 2018 Cash Flow from Operating Activities Net Income Adjustments to Reconcile Net Income to Cash Depreciation Expense Gain on Sale of Land Changes in Operating Assets and Liabilities Increase in Accounts Receivable