The records of Paramount Color Engraving reveal the following: Click the icon to view the records) Data Tables flows from operating activities by the Indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Data Table Cash Flows from Operating $ Net Income Adjustments to Reconcito Provided by (Used for) og Net income Sales revenue Loos on sale of land Acquisition of land 38,000 52.000 0,000 37,000 Depreciation expense Decrease in current liabilities Increase in current assets other than cash $ 11,000 30.000 8,000 Print Done 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 The records of Paramount Color Engraving reveal the following: Cick the icon to view the records. Compute cash flows from operating activities by the indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities, if a box is not used in the table, leave the box empty, do not select label or enter a zero Paramount Color Engraving Statement of Cash Flows (Partial) Year Ended December 31, 2018 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Not Cash Provided by (Used for) Operating Activities Not Culoh Provided by (Used for) Operating Activities ts 4 of 4 (2 complete) HW Score: 43 milar to) Tutoring Qu alance sheet of Morgensen Educational Supply at December 31, 2018, reported the following: to view the comparative balance sheet.) actions during 2018 included the following: to view the transactions.) ents Requirements epare the stateme Requirements g activities. (Use ct a label or enter be the indirect in the statemer ment one section Ma 1. Prepare the statement of cash flows of Morgensen Educational Supply for the year ended December 31, 2018. Use the indirect method to report cash flows from operating activities. 2. Evaluate Morgensen's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. 3. If Morgensen plans similar activity for 2019, what is its expected free cash flow? Yel Operating Activiti to Reconcile Net il Used for) Operatie Print Done The concreto host of Mornen Education Supply at embar 21, 2016. e falowing the lo view the comparative to wha) Mensation during 2018 included the follow care conto the actions Requirements. Prepare the statement of cash flow of Morgersen Educational Supply for the year anded December 31, 2016. Use the indirect method to report cash flows from operating in a more retutindemain cash If a box is not edin the native the booty do not let alone Comment on a time, beginning with the cash flows from operating activities Morgensen Educational Supply Statement of Cash Flow Yearded December 31, 2018 Costrom Curting Active Matineeme Mesto Reconcile et Income to Net Cash Provided by used for Operating A showed the operation Activities Choose from any listo enter any number in the input folds and then click Check Answer Final Check Cew All 6
