The income statement and additional data of Best Corporation follow: (Click the icon to view the Income Statement.) (Click the icon to view the additional data.) Prepare Best Corporation's statement of cash flows for the year ended June 30, 2018. Use the direct method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Data Table Best Corporation More Info Statement of Cash Flows Year Ended June 30, 2018 Cash Flows from Operating Activities: Receipts: Best Corporation Income Statement Year Ended June 30, 2018 a. b. C. Net Sales Revenue $ 225,000 108,000 Cost of Goods Sold d. Collections from customers are $14,500 more than sales. Dividend revenue, interest expense, and income tax expense equal their cash amounts. Payments to suppliers are the sum of cost of goods sold plus advertising expense. Payments to employees are $2,000 more than salaries expense. Cash payment the acquisition of plant assets is $103,000. Cash receipts from sale of land total $28,000. Cash receipts from issuance of common stock total $33,000. Payment of long-term notes payable is $15,000. Payment of dividends is $10,500. Cash balance at June 30, 2017, was $25,000; at June 30, 2018, it was $27,000. Gross Profit Total Cash Receipts 117,000 Payments: e. f. g. h. i. j. Operating Expenses: Salaries Expense $ 40,000 Depreciation ExpensePlant Assets 29,000 14,000 Advertising Expense 83,000 Print Done Total Operating Expenses Operating Income Other Income and (Expenses): 34,000 Total Cash Payments Net Cash Provided by (Used for) Operating Activities Dividend Revenue 7,500 (3,500) Interest Expense 4,000 Total Other Income and (Expenses) Net Income Before Income Taxes 38,000 10,000 Income Tax Expense $ 28,000 Net Income