The Balance Sheets for Jackson, Inc. for for Jackson, Inc for the wears endina December 31, 2018 and 2017 are shown below Cash Accounts Receivable Allowance for Doubtful Amounts Prepaid Insurance Prepaid Rent Inventories Land Buildings Equipment Delivery equipment Less: Accumulated Depreciation Buildings Equipment Delivery Equipment Patents Dec 31, 2018 141,940 45,500 (2.300) 4,800 1.900 70,960 50,000 175.000 74,000 48,000 Dec 31, 2017 88,300 40,500 (2.200) 3,200 5,600 61,200 50,000 175.000 74,000 29,000 (13.000) (48,500) (9.500) 7500 546,300 (7,500) (35,500) (26,500) 17 700 472,800 0 Dec 31, 2018 Dec 31, 2017 Accounts payable 24,000 29,000 Accrued liabilities 5,500 8.900 Mortgage payable 40,400 155,400 Bonds payable 100,000 Premium on Bonds 2.400 0 Common Stock ($2PV) 55.000 50,000 Additional paid-in capital - Common Stock 92,500 67,500 Additional paid-in capital - Treasury Stock 1,500 Retained earnings 237,000 182,000 Less: Treasury Stock (12 000) (20.000) 546,300 472,800 The income statement for 2018 is as follows Sales 884,060 Cost of sales (538.760 Gross profit 345,300 Operating expenses (176,500) Net Gain (Loss) (1.300) Net income (Loss) 167500 O lan 3. 2018 Jackson, Inc. declared and distributed a 10% stock dividend when the FMV was 2 On December 1, 2018 cash dividends of $3 per share were declared and paid. 3 Delivery equipment which cost $23,000 and book value of $2,000 was sold for $2.200 4. Amortization on patents was $2.200 5. Sold $8,000 patents for $6,500 cash. 6. Issued Bonds on December 31, 2018 7. Purchased new delivery equipment 8. Reissued Treasury Stock for $9,500. teh direct method) for Jackson, Inc. for the year he information above, prepare a statement of cash flows (indirect method) for Jacksonline Instructions (a) From the information abe ended December 31, 2018 ash provided by operating activities using the direct From the information above, prepare a schedule of cash provided by Opera method