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The comparative statements of financial position of Mikos Inc. as at December 31,2017 and 2018 , and its statement of earnings for the year ended

image text in transcribedimage text in transcribedimage text in transcribed The comparative statements of financial position of Mikos Inc. as at December 31,2017 and 2018 , and its statement of earnings for the year ended December 31, 2018, are Additional information is as follows: a. Land was sold for cash at its carrying amount. b. The short-term investments will mature in February 2019. c. Cash dividends were declared and paid in 2018. d. New equipment with a cost of $166,800 was purchased for cash, and old equipment was sold at its carrying amount. e. Long-term notes of $14,000 were paid in cash, and notes of $34,000 were converted to shares. Required: 1. Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2018 by using the indirect method. (Negative answers should be indicated by a minus sign.)

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