The comparative balance sheet of Carlson Educational Supply at December 31, 2018, reported the following: E (Click the icon to view the comparative balance sheet.) Carlson's transactions during 2018 included the following: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare the statement of cash flows of Carlson Educational Supply for the year ended December 31, 2018. Use the indirect method to report cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Payment of cash dividends 20,200 17,400 Depreciation expense Purchase of building with cash 55,000 105,000 Purchase of equipment with cash Issuance of long-term notes payable to borrow cash 55,000 Net income 58,600 Issuance of common stock for cash 115,000 Carlson Educational Supply Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income 58,600 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation ExpensePlant Assets 17,400 Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable 6,300 (2,400) 3,000 (400) Decrease in Accrued Liabilities 23,900 Net Cash Provided by (Used for) Operating Activities 82,500 82,500 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities