Complete the statement one section at a time, beginning with the cash flows from operating activities. (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.)

	Johnson, Inc.
	Statement of Cash Flows
	Year Ended December 31, 2018
	Cash Flows from Operating Activities:
	Net Income
	Adjustments to Reconcile Net Income to Net Cash
	Provided by (Used for) Operating Activities:
	Depreciation Expense
	Gain on Sale of Building
	Decrease in Accounts Receivable
	Increase in Merchandise Inventory
	Increase in Accounts Payable
	Decrease in Income Tax Payable
	Net Cash Provided by (Used for) Operating Activities
	Cash Flows from Investing Activities:
	Cash Payment for Acquisition of Equipment
	Cash Receipt from Sale of Building
	Net Cash Provided by (Used for) Investing Activities

	Cash Flows from Financing Activities:
	Cash Receipt from Issuance of Common Stock
	Cash Receipt from Issuance of Notes Payable
	Cash Payment of Dividends
	Cash Payment of Notes Payable
	Net Cash Provided by (Used for) Financing Activities
	Net Increase (Decrease) in Cash
	Cash Balance, December 31, 2017
	Cash Balance, December 31, 2018
	Non-cash Investing and Financing Activities:
	Acquisition of Land by Issuing Long-term Notes Payable
	Total Non-cash Investing and Financing Activities

Transaction Data for 2018: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 45,000 Payment of notes payable 26,000 Payment of cash dividends 79,000 Issuance of notes payable to borrow cash 114,000 Gain on sale of building 58,000 Net income $ 44,100 46,000 66,000 6,500 66,500 2018 2011 $ Current Assets: Cash Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 120,600 $ 63,500 87,000 26,000 69,100 83,000 58,200 14,400 55,800 16,200