Bannen Office Machines, Inc.?s accountants assembled the following selected data for the year ended December 31, 2018:

Requirement

Prepare Bannen Office Machines, Inc.?s statement of cash flows using the indirect method to report operating activities. List noncash investing and financing activities on an accompanying schedule.

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Bannen Office Machines, Inc. December 31 2018 2017 Current Assets: Cash and Cash Equivalents. Accounts Receivable. $46,900 $25,300 65,200 71,100 79,600 83,700 Inventory.. Current Liabilities: Accounts Payable.. Income Tax Payable.. $56,400 $55,100 5,700 8,600 Transaction Data for 2018: $ 56,700 13,000 30,000 14,000 11,300 18,600 25,000 160,000 Net Income Purchase of treasury stock. Issuance of common stock for cash. Loss on sale of equipment. Payment of cash dividends . Depreciation Expense. Issuance of long-term note payable in exchange for cash Purchase of building for cash . Retirement of bonds payable by issuing common stock. Sale of equipment for cash . 55,000 75,000