Fred?s Appliance, Inc.?s accountants assembled the following data for the year ended December 31, 2018:

Requirement

Prepare Fred?s Appliance 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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Fred's Appliance, Inc. December 31 2018 2017 Current Assets: Cash and Cash Equivalents . Accounts Receivable. S71,800 $22,000 49,300 44,500 Inventory. Current Liabilities: Accounts Payable.. Income Tax Payable.. 80,100 83,100 $37,700 $35,400 4,200 6,600 Transaction Data for 2018: Net Income ... Purchase of treasury stock Issuance of common stock for cash S 56,800 13,600 36,700 10,500 18,200 21,200 34,300 128,000 85,000 52,000 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