Trainer Exercise Equipment, Ine reported the following financial statements for 2018 (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet (Click the icon to view additional Information. Prenare the company's statement of cash flows-indirect method-for the year ended December 31, 2018 Aasume restments are purchased with cash (Use a minus signor parentheses for amounts that result in a decrease in cash if a box is not used in the statement, save the box empy, do not selecta label area aro) Data Table A More Info Complete the statement one section at a time beginning with the cash flows from operating activities Trainer Exercise Equipment, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by used for Operating Activities: Trainer calculated the following amounts for 2018: Acquisition value of plant assets. 599.000 Payment of dividende $65,000 Payment of long-term noten payable $4000 Cash receipt from ano of common stock, 58,000 Trainer Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $43,400. No cash was received upon disposal. Trainer Exercise Equipment, Inc Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets) Current Assets Cash $ 19.000 5 51.000 82.000 17,000 48,000 37,000 Print Done Accounts Receivable Marchandise Inventory Long-tam Assets Plant Assets Accumulated Depreciation Plant Assets Investments 273,100 (48, 1001 94.000 217,500 (34,500) 80,000 Net Cash Provided by (Used for Operating Activities Data Table Total Assets 473,000 $ 415,000 Liabilities 5 77.000 $ 1.500 78,000 4,500 Current Liabilities Accounts Payable Salaries Payable Long-term Liabilities Notes Payable Total Liabilities 63.000 Trainer Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue S711,000 Cost of Goods Sold 345,000 Gross Pront 366,000 Operating Expenses Depreciation Expanse $ 55,000 190.000 Other Operating Expenses Total Operating Expenses 245.000 Net Income $ 121,000 67,000 141.500 147,500 Stockholders' Equity Common Stock, no par 43,000 288.500 35,000 232,500 331,500 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 287,500 $ 473,000 $ 415,000 Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining Clear All Check