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The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, Dec. 31, 2018 2017 Assets

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The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, Dec. 31, 2018 2017 Assets Cash $54,820 $66,970 84,240 90,280 120,340 111,900 4,900 3,390 Accounts receivable (net) Merchandise Inventory Prepaid expenses Equipment Accumulated depreciation equipment Total assets 245,140 (63,740) 200,490 (49,170) $445,700 $423,860 0 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $93,600 $88,590 Mortgage note payable 127,160 Common stock, $1 par 14,000 9,000 Excess of paid-in capital over par 195,000 120,000 Retained earnings 143, 100 79, 110 Total liabilities and stockholders' equity $445,700 $423,860 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: me now a. Net Income, $163,810. b. Depreciation reported on the income statement, $31,210. c. Equipment was purchased at a cost of $61,290, and fully depreciated equipment costing $16,640 was discarded, with no salvage realized, d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 5,000 shares of common stock were issued at $16 for cash. F. Cash dividends declared and paid, $99,820. Required: Prepare a statement of cash flows, using the Indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments, Orange Angel Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from (used for) operating activities: Adjustments to reconcile net Income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: - Net cash flows from financing activities Cash balance, January 1, 2048 Cash balance, December 31, 2048

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