The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $69,160 $85,200 Accounts receivable (net) 106,270 114,850 Merchandise inventory 151,810 142,360 Prepaid expenses 6,180 4,310 Equipment 309,250 255,050 Accumulated depreciation equipment (80,400) (62,550) $539,220 Total assets $562,270 $118,080 $112,700 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Excess of paid-in capital over par 0 161,770 18,000 257,000 11,000 152,000 Retained earnings 169,190 101,750 Total liabilities and stockholders' equity $562,270 $539,220 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net income, $172,650. Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net income, $172,650. b. Depreciation reported on the income statement, $39,020. c. Equipment was purchased at a cost of $75,370, and fully depreciated equipment costing $21,170 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. 7,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $105,210. 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, 2018 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: 0 100 0 Net cash flows from operating activities Cash flows from (used for) investing activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: ] i bill O QUE 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