The income statement and additional data of One Stop Corporation follow: (Click the icon to view the Income Statement.) (Click the icon to view the additional data) Prepare One Stop 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 staternient 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. One Stop Corporation Statement of Cash Flows Year Ended June 30, 2018 Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: Choose from any list or enter any number in the input fields and then click Check Answer. ? The income statement and additional data of One Stop Corporation follow: (Click the icon to view the Income Statement.) (Click the icon to view the additional data.) Prepare One Stop Corporation's statement of cash flows for the year ended June 30, 2016. 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 Total Cash Receipts Payments Total Cash Payments Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Answer. Data Table One Stop Corporation Income Statement Year Ended June 30, 2018 Net Sales Revenue $ 225,000 102,000 Cost of Goods Sold Gross Profit 123,000 Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets 44,000 20,000 12,500 76,500 Advertising Expense Total Operating Expenses Operating Income Other Income and (Expenses): 46,500 Dividend Revenue 10,000 (3,000) Interest Expense Total Other Income and (Expenses) 7,000 Net Income Before Income Taxes 53,500 105nn Data Table Year Ended June 30, 2018 Net Sales Revenue $ 225,000 102,000 Cost of Goods Sold Gross Profit 123,000 $ Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets Advertising Expense 44,000 20,000 12,500 76,500 46,500 Total Operating Expenses Operating Income Other Income and (Expenses): Dividend Revenue 10,000 (3,000) Interest Expense Total Other Income and (Expenses) 7,000 Net Income Before Income Taxes 53,500 10,500 Income Tax Expense $ 43,000 Net Income More Info a. b. C. d. e. Collections from customers are $14,000 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 $1,500 more than salaries expense. Cash payment for the acquisition of plant assets is $107,000. Cash receipts from sale of land total $24,000. Cash receipts from issuance of common stock total $32,000. Payment of long-term notes payable is $11,000. Payment of dividends is $11,500. Cash balance at June 30, 2017, was $22,000; at June 30, 2018, it was $24,000. f. g. h. i. j. Statement of Cash Flows Year Ended June 30, 2018 Cash Flows from Operating Activities: Receipts: Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Sale of Land Collections from Customers Dividends Received on Investments For Income Tax For Interest Increase in Accounts Payable Increase in Accounts Receivable To Employees To Suppliers