The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2018 are presented below Kinder Company Balance Sheet 2018 2017 Cash S 30,900 10,200 Accounts receivable (net)43,300 20,300 Inventory 35,000 42,000 Long-term investments 15,000 Property, plant& equipment 236,500 50,000 Accumulated depreciation (37.700 125.000) $308,000 $212,500 Accounts payable 17,000 S 26,500 Accrued liabilities 21,000 17,000 Long-term notes payable 70,000 50,000 Common stock 30,000 90,000 Retained earnings 70,000 29,000 $308,000 212,500 Additional data: Net income for the year 2018, S61,000 2. Depreciation on plant assets for the year, $12,700 3.Sold the long-term investments for S33,000 (assume gain or loss is ordinary). 4. Paid dividends of $20,000 5. Purchased machinery costing $26,500, paid cash. 6. Prchased machinery and gave a S60,000 long-term note payable 7. Paid a $40,000 long-term note payable by issuing common stock. Instructions Using the format provided on the next page, prepare a statement of cash flows (using the indirect method) for 2018 for Kinder Company. Kinder Company Statement of Cash Flows For the Year Ended December 31, 2018 Increase (Decrease) in Cash Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Net cash provided (used) by operating activities Cash flows from financing activities Net cash provided (used) by financing activities Net increase (decrease) in cash Cash, January 1, 2018 Cash, December 31, 2018