This Question: 32 pts 32052 (32 complete) Sets Media Corporation had the following income statement and balance sheet for 2018 Click the icon to view the income statement) Click the icon to view the balance sheet) During the year Smith issued a 55,400 note payable Smith equipment worth $21,000, and depends on the long term Prepare Media's statement of cash fows-Indirect method for the younded December 31, 2018 es at the amount of 59,400 during the years the company pod i n a decrease in cash be s ed in the state -X Complete the statement one section at a time, beginning with the cash flows from operating activities ( Use a minus signor parentes foramus th Smith Media Corporation Statement of Cash Flows Data Table Year Ended December 31, 2018 Cash Flows from Operating Activities Not Income S h Media Corporation Mu st Reconcile e como Nee Cast Provided by Operating Activities SR Depreca -Plans Other Expense Increase in Accounts Recevable Deprecation Expense unts Payable Cash Provided by Used Operating Cash Flo wing Aqon of Equipe Na Cash Provided by used for investing Activities Cash Flows from Financing Activities Payment of Calienda Choose toman store in the inputs and then conto the next Type here to search OLG This Question: 32 pts Smith Media Corporation had the following income statement and balance sheet for 2018 (Click the icon to view the income statement. (Click the icon to view the balance sheet) During the year Smith issued a 55,400 note payable Smith acquired equipment worth $21,000, and made payments on the long-term note Prepare Smith Media's statement of cash flows---indirect method for the year ended December 31, 2018 Net Cash Provided by Operating Activities Data Table Increase in Accounts Receivable Depreciation Expense Increase in Accounts Payable Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities Smith Media Corpo Income Stateme Year Ended December Sales Revenue Depreciation Expense-Plant Asset Other Expenses 21000) (21000) Net Income Print Done Acquisition of Equipment Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Payment of Note Payable Cash Receipt from Issuance of Note Payable Cash Receipt from Issuance of Common Stock Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance December 31, 2018 0 Data Table Comparative Bali December 31, 201 Assets Choose from any ist or enter any number in the input fields and then continue to the next Current Ass Type here to search Accounts Recevable sheet.) ,000, and made payments on the long-term notes payable in the amount of $9,400 duri cember 31, 2018 Data Table Smith Media Corporation Income Statement Year Ended December 31, 2018 Sales Revenue Depreciation Expense Plant Assets 82,000 19,000 55,000 Other Expenses (21000) Net Income 8,000 Long Print Done Total Comn Retain Total S Total Li e to the next question i Data Table Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets $ Current Assets: Cash Accounts Receivable Long-term Assets: Plants Assets 4,800 $ 10,100 4,400 6,600 Accumulated Depreciation Plant Assets 101,350 80,350 (32,350) (13,350) 83,900 $ 78,000 Total Assets $ 6,400 $ 6,000 12,000 Liabilities Current Liabilities: Accounts Payable Long-term Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity = 16,000 22,000 18,400 23,000 18,000 42,500 38.000 65,500 56,000 83,900 $ 78,000 Total Liabilities and Stockholders Equity Print Done