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. 2018 2017 Current Assets: Cash 98,800 $ 26,500 15,000 21,300 Accounts Receivable Merchandise Inventory Current Liabilities: 61,800 59,400 Accounts Payable 31,600 28,600 Accrued Liabilities 11,200 11,600 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 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Acquisition of Building Acquisition of Equipment Cash Payment of Dividends Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Decrease in Accounts Receivable Decrease in Accrued Liabilities Depreciation Expense-Plant Assets Increase in Accounts Payable Increase in Merchandise Inventory