The Happy Company reported the following balance sheet and income statement data for 2018 and 2017: Assets 2018 2017 Income Statement Cash $29 Sales Revenue $200 SO Accounts Receivable Inventory Prepaid Insurance Held to Maturity Securities Land Building and Equipment Less: Accumulated Depr. 75 81 (26) $296 (30) $242 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense Bond Interest Expense Insurance Expense Total Operating Expenses Operating Income Other Income (Expenses) Investment Revenue Gain on Sale of Equipment Loss on Sale of Land Total other income (expenses) Income before income taxes Income tax expense Net Income $30 Liabilities Accounts Payable Salaries Payable Income Tax Payable LT Notes Payable Bonds Payable Less: Discount on bonds Shareholder's Equity Common Stock Treasury Stock Retained Earnings 35 30 47 59 (1) (3) 150 120 0 (6) 33) 15 $296 $242 Note: You need to know how the decrease in the discount on bonds impacts interest expense and ultimately cash. It is worth the time to read this section in chapter 18 before you start this cash flow problem. The first part of chapter 18 (starting on page 775) gives a good overview of bonds. If you are not familiar with bonds, it is a good idea to start at the beginning of the chapter. If you feel good about recording a bond issuance and understand the concept of amortizing the premium or discount, then page 778 is a good place for you to start. Additional Information 1. $12 of bonds were retired at maturity. 2. Happy issued a $6 stock dividend and subsequently sold more shares of common stock. 3. A new building was acquired by issuing $30 note. Land that originally cost $15 was sold during the year. Prepare a full statement of cash flow for 2018 to answer the questions. You will need to prepare the operating section using the direct method and the indirect method. When you answer the questions in Blackboard, do not include dollar signs. Even if the amount is an outflow, enter it as a positive