The comparative balance sheet of

Smithson

Educational Supply at December 31,

2018,

reported the following:

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(Click the icon to view the comparative balance sheet.)

Smithson's

transactions during

2018

included the following:

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(Click the icon to view the transactions.)

Read the requirements

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Neal question following: The comparative balance sheet of Smithson Educational Supply at December 31 B (Click the icon to view the comparative balance sheet.) Smithson's transactions during 2018 included the following: B (Click the icon to view the transactions.) Read the requirements. Smithson 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: Depreciation ExpensePlant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities 2018 2017 Current Assets: : Cash $ 95,800 $ 26,500 Accounts Receivable 15,000 21,800 62,000 59,200 Merchandise Inventory Current Liabilities: Accounts Payable 31,600 31,100 Accrued Liabilities 10,900 11,200 Payment of cash dividends 21,200 Depreciation expense $ 17,000 54,300 Purchase of building with cash 99,000 Purchase of equipment with cash Issuance of long-term notes payable to borrow cash 51,000 Net income 63,600 Issuance of common stock for cash 108,000