The Income statement and additional data of Grand Corporation follow: (Click the icon to view the income Statement.) i Click the icon to view the additional data.) Prepare Grand 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.) Statement of Cash Flows Year Ended June 30, 2018 Cash Flows from Operating Activities: Receipts: ORD Total Cash Receipts Payments Total Cash Payments Net Cash Provided by used for Operating Activities The income statement and additional data of Grand Corporation follow (Click the icon to view the Income Statement.) (Click the icon to view the additional data) 2018. Use the direct method. (Use a minus sign of parentheses for amounts that result Data Table x not select a tabel or enter a zero) Grand Corporation Income Statement Year Ended June 30, 2018 Net Sales Revenue More Info - X 231,000 108,000 123,000 a, b. C. 40,000 28.000 13,500 d. Cont of Goods Sold Gross Profit Operating Expense: Salaries Expense Depreciation Expense-Plant Assets Advertising Expense Total Operating Expenses Operating Income Other Income and (Expenses Dividend Revenue Interest Expense Total Other Income and (Expenses Collections from customers are $17,000 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 $2,500 more than salaries expense. Cash payment for the acquisition of plant assets is $104.000 Cash receipts from sale of land total $25,000 Cash receipts from issuance of common stock total $33,000 Payment of long-term notes payable is $20,000 Payment of dividends is $9.500 Cash balance at June 30, 2017, was $27.000; at June 30, 2018, it was $36,500 81,500 1. 9. 41,500 h i. 11,000 (3.000) 8.000 Print Done