The comparative balance sheets of Mary McGuire Design Studio, Inc., at June 30, 2018, and 2017, and transaction data for fiscal 2018, are as follows: (Click the icon to view the comparative balance sheet.) Read the requirements. Cash flows from financing activities: i (Click the icon to view the transaction data.) Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Total noncash investing and financing activities Requirement 1. Prepare the statement of cash flows of Mary McGuire Design Studia for the year ended June 30, 2018, using the indirect method to report operating activities. Also prepare the accompanying schedule of noncash investing and financing activities. All current account changes except for the short-term Notes Payable changes result from operating transactions. Start by completing the cash flows from operating activities using the indirect method. Then complete the statement of cash flows. (Use parentheses or a minus sign f Mary McGuire Design Studio, Inc. Statement of Cash Flows (Indirect Method) Cash flows from operating activities: Year Ended June 30, 2018 Data Table Mary McGuire Design Studio, Inc. Comparative Balance Sheets June 30, 2018 2017 Increase (Decrease) Adjustments to reconcile net income to net cash provided by operating activities: Net cash provided by (used for) operating activities Cash flows from investing activities: Current assets: Cash $ 28,900 $ Accounts receivable Inventories 59,000 1,800 $ 27,300 52,000 7,000 97,700 80,500 37,200 Prepaid expenses 3,700 2,100 1,600 Land 22,200 82,800 (70,600) Equipment, net 74,800 73,300 1,500 Long-term investment 22,000 5,200 16,800 $ 308,300 $ 287,500 $ 20,800 Current liabilities: Notes payable, short-term $ 12,900 $ 19,000 $ (6,100) Accounts payable 34.300 41,500 (7,200) Income tax payable 13,400 14,800 (1,400) Accrued liabilities Interest payable 14,900 9,300 5,800 4,000 3,000 1,000 Salary payable Long-term note payable 4,800 3,200 1,600 50.700 93,800 (43,100) 68,100 105,200 61,500 41,400 6,600 83,800 $ 308,300 $ 287,500 $ 20,800 Choose from any list or enter any number in the input fields and then continue to the next question. Common stock Retained earnings Print Done