- X i Requirements 1. Prepare the statement of cash flows of Carlson Educational Supply for the year ended December 31, 2018. Use the indirect method to report cash flows from operating activities. 2. Evaluate Carlson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. 3. If Carlson plans similar activity for 2019, what is its expected free cash flow? Done Print i Data Table 2017 2018 Current Assets: 20,500 89,000 S Cash 21,900 14,800 Accounts Receivable 59,000 63,600 Merchandise Inventory Current Liabilities: 28,100 29,600 Accounts Payable 11,900 11,200 Accrued Liabilities Done Print X iData Table $ 17,400 18,200 Depreciation expense Payment of cash dividends 109,000 Purchase of building with cash 54,600 Purchase of equipment with cash 67,600 Net income 54,000 Issuance of long-term.aotes payable to borrow cash 108,000 Issuance of common stock for cash pare Print Done