b. Construct the statement of stockholders' equity for the year ending December 31, 2018, and the 2018 statement of cash flows. Statement of Stockholders' Equity (in thousands of dollars) Total Common Stock Retained Earnings Stockholders' Equity Balances, December 31, 2017 $90,000 $38,774 $128,774 Common stock issue 10.000 10,000 2018 Net income 31,386 Cash dividends (12,554) Addition to retained earnings 18,831 Balances, December 31, 2018 $100,000 $57,605 $157,605 Statement of Cash Flows (in thousands of dollars) $31,386 7,388 7,652 7,821 (17,838) (3,462) $32,947 Operating Activities Net Income Depreciation and amortization Increase in accounts payable Increase in accruals Increase in accounts receivable Increase in inventories Net cash provided by operating activities Investing Activities Additions to property, plant, and equipment Net cash used in investing activities Financing Activities Increase in notes payable Increase in long-term debt Increase in common stock Payment of common dividends Net cash provided by financing activities Summary Net increase/decrease in cash Cash balance at the beginning of the year Cash balance at the end of the year ($32,117) ($32,117) $2,500 12,350 10,000 (12,554) $12,295 $13,125 89,725 $102,850