Way Exercise tinc reported the wing incl Matements for 2018 Click the icon to view the name statement Click the icon to view the comparte bance sheet fick the cont want normation Prepare the company's statement of cash flow Indirect method for the year ended December 31, 2018 Am investe purchased with the amor parents for that decreases in the bave the hoxemply do not besturin Data Table Com the statement on acionat am beginning with the cliflows from per Why tee, Inc Wey Each Year Ended December 11, 2018 Cach Year 2018 Net als een Costed Goods 50 3 1000 151003 At Reconciat income Net - X . 5 Open Depreciation Expense the Operating Taal Operating Expert 51 100 Cheton ribe in the outcome Re Way calculate the following 2013 As we of plant 592.000 Payment of dens 586 000 Payment of long-term po 1000 Citromico dk 512.000 Ww Exercise isposed to the cost and accurated deprecated assat was 0 No swaroposal Name i Data Table d Decen amounts plect a la Rite Way Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 g activities. 2017 Assets Current Assets Cash 21,000 S 49.000 82.000 88000 Accounts Receivable Merchandise Inventory Long-term Assets Plant Assets Accumulated Depreciation Plant Assets 269.600 136.00 Investments check Ans i Data Table -inde se a men 98,000 72,000 Investments 480,000 $ 416,000 Total Assets Liabilities Current Liabilities: $ 82000 $ Accounts Payable Salaries Payable 6000 Long-term Liabilities 60 000 65.000 Notes Payable Total Liabilities 152000 Stockholders Equity HAN i Data Table CUTETT Llamues. $ 82,000 $ Accounts Payable Salaries Payable 80,000 6,000 7.000 Long-term Liabilities: 65.000 64.000 Notes Payable Total Liabilities 152.000 152.000 Stockholders' Equity Common Stock, no par 48.000 280.000 36.000 228.000 Retained Earnings 328.000 264 000 Total Stockholders' Equity 480,000 $ 416,000 Total Liabilities and Stockholders' Equity JUILLE ASS E14-24 (similar to) Rite Way Exercise Equipment, Inc reported the following financial statements for 2018 Click the loon to view the income statement.) Click the icon to view the comparative balance sheet) (Click the icon to view additional information.) Prepare the company's statement of cash flowted method Assume investments are purchased with cash (Useamus decrease in cash If a box is not used in the statement leave the box Data Table Complete the statement one section at a time, beginning with the cash flows from operating activities Rite Way Exercise Equipment, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities Net Income More info Adjustments to Reconcilio Net Income to Not Cash Provided by Used for Operating Activities Rite Way calculated the following amounts for 2016 Acquisition value of plant assets $92000 Payment of dividends. 586.000 Payment of long-temnotes payable 51.000 Choose from any list or enter any number in the input fiers and men cloche Cash receipt from issuance of common stock 512.000 Rite Way Exercise disposed of plant assets at book value. The cost 3 parts and accumulated depreciation of the disposed asset was $45 800 N remaining cash was received upon disposal Net Sales Reve X fost of Goods Silo ross Pro pelting po Depreciation One Optim E Toulog unts for 2018 Prepare the company's statement of cash flows indirect method for the year ended December 31, 2018 Assume investments are purchased with cash. (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 of enter a zoo) Data Table vs from operating activities. Rite Way Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ T14000 345,000 - X 369.000 More Info 27 Eost of Goods Sold bross Profit Pperating Expenses Depreciation Expense Other Operating Expenses Total Operating Expenses $ 51,000 180.000 231 000 138.000 5 click.Che Rite Way calculated the following amounts for 2018 Acquisition value of plant assets $92.000 Payment of dividends. $86.000 Payment of long-term notes payable 51000 Cash receipt from issuance of common stock $12.000 Rite W'ay Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was 546 800 No cash was received upon disposal et Income 527 PM 11/8/2020