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 presented below:

MIKOS INC.
Comparative Statements of Financial Position
December 31
	2018			2017
Assets
Cash	$	10,200		$	18,200
Short-term investments		65,400			35,600
Accounts receivable		74,000			30,800
Inventories, at cost		56,400			41,200
Prepaid expenses		5,200			8,400
Land		49,800			76,000
Property, plant, and equipment, net		284,800			185,000
Intangible assets		25,200			30,400
	$	571,000		$	425,600
Liabilities and Shareholders Equity
Accounts payable	$	18,200		$	42,400
Income tax payable		8,400			2,200
Accrued liabilities		11,200			-0-
Long-term notes payable		122,000			174,000
Contributed capital		224,000			66,000
Retained earnings		187,200			141,000
	$	571,000		$	425,600

MIKOS INC.
Statement of Earnings
For the Year Ended December 31, 2018
Sales				$	886,000
Cost of sales	$	442,000
Amortization expenseintangible assets		5,200
Depreciation expenseproperty, plant, and equipment		34,200
Operating expenses		233,000
Interest expense		13,200			727,600
Earnings before income taxes					158,400
Income tax expense					47,520
Net earnings				$	110,880

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 (i.e. these are cash equivalents).
c.	Cash dividends were declared and paid in 2018.
d.	New equipment with a cost of $167,200 was purchased for cash, and old equipment was sold at its carrying amount.
e.	Long-term notes of $16,000 were paid in cash, and notes of $36,000 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. When dealing with depreciation and amortization expenses (in the operating section), place them together as a single line item. (Negative answers should be indicated by a minus sign.)

Required: 1. Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2018 by using the indirect method. When dealing with depreciation and amortization expenses in the operating section), place them together as a single line item. (Negative answers should be indicated by a minus sign.) MIKOS INC. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net earnings to net cash provided by operating activities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Cash and short-term investments, beginning of year Cash and short-term investments, end of year