Wicked Wild Company's comparative balance sheet and additional data are shown below. (Click the icon to view the comparative balance sheet.) (Click the icon to view the additional data.) Requirement Prepare the statement of cash flows for the year ended December 31, 2019, using the indirect 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.) Wicked Wild Company Statement of Cash Flows Year Ended December 31, 2019 Cash Flows From Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows From Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, Dec. 31, 2018 Cash Balance, Dec. 31, 2019 Non-cash Investing and Financing Activities: heet and additional data are shown below. ince sheet.) More Info fesult in a deci rended Decer label or enter ild Company of Cash Flows cember 31, 2 1. The income statement for 2019 included the following items: a. Net income, $408,000 b. Depreciation expense for the year, $34,980. c. Amortization on the bonds payable, $260. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $1,000,000, receiving cash of $998,180. 4. The company distributed 5,000 shares of common stock in a stock dividend when the market value was $14.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Cash Print Done the input fields and then continue to the next question. i Data Table Wicked Wild Company Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets $ 10,300 1,407,120 $ 26,000 2,900 1,400 7,100 Current Assets: Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment: Land Building Canoes Office Furniture and Equipment Accumulated DepreciationPP&E 600 1,400 255,000 1,008,000 12,000 110,000 (36,370) 75,000 158,000 12,000 (1,390) $ 2,786,090 $ 263,010 Total Assets Liabilities Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue 7,030 $ 460 700 4,100 20,000 200 4,040 260 350 1,600 100 650 150 5,760 5,760 665,000 1,000,000 (1,560) 1,702,340 12,260 Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable Total Liabilities Stockholders' Equity Paid-In Capital: Preferred Stock Paid-In Capital in Excess of ParPreferred Common Stock Paid-In Capital in Excess of ParCommon 248,000 120,000 60,000 548,000 60,000 295,750 1,083,750 2,786,090 $ O Retained Earnings Total Stockholders' Equity 2,750 250,750 263,010 $ Total Liabilities and Stockholders' Equity Print Done