during the year Smith issued a $5400 note payable. Smith acquired equipment worth $14,100, and made payments on the long term notes payable in the amount of $7400 during the year. Assume the company paid cash for the acquisition of plant assets.

Prepare Smith Media's statement of cash flows -indirect method- for the year ended December 31, 2018.

Smith Media Corporation 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 Operating Activities: Net Cash Provided by (Used for) Operating Activities alance sheet for 2018: to view the balance equipment worth $14 DI pl Acquisition of Equipment Pr Cash Receipt from Issuance of Common Stock for the year ended Dec Cash Receipt from Issuance of Note Payable Sn Nows rom operaung nc Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Payment of Cash Dividends Payment of Note Payable Net Cash Provided by (Used for) Operating Activities Smith Media Corporation had the following income statement and balance sheet for 2018 P Click the icon to view the income statement.) (Click the icon to view the balance DI equipment worth $1 ple Pr Acquisition of Equipment for the year ended De Cash Receipt from Issuance of Common Stock u sn nows irom operau nc Cash Receipt from Issuance of Note Payable Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Payment of Cash Dividends Payment of Note Payable Natach Provided bulad foranti Almille the unwing income statement and balance sheet for 2018: E (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) During the year Smith issued a $5,400 note payable. Smith acquired equipment worth $14,100, and mac pli PI for the year ended December 31, 20 Acquisition of Equipment u Cash Receipt from Issuance of Common Stock nd shows irom operaung acuvies. (us Cash Receipt from Issuance of Note Payable Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Payment of Cash Dividends Payment of Note Payable Net Cash Provided by (Used for) Operating Activities IVIIVVIY come statement and balance sheet for 2018: Click the icon to view the income statement.) E (Click the icon to view the balance sheet.) During the year Smith issued a $5,400 note payable. Smith acquired equipment worth $14,100, and made payments ont blant assets. PE for the year ended December 31, 2018. Acquisition of Equipment uc inc Snows rom operaung acuviues. (use a minus signo Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Note Payable Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Payment of Cash Dividends Payment of Note Payable Seco Net Cash Provided by (Used for) Operating Activities Prepare Smith Media's statement of cash flows-indirect method for the year ended December 31, 2018. SI HOW Irom operaung acuvities. (Use a minu nc Acquisition of Equipment Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Note Payable Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Payment of Cash Dividends Payment of Note Payable Net Cash Provided by (Used for) Operating Activities d equipment worth $14,100, and made payments on the long-term notes payable in the amount of $7,400 during the - for the year en Data table as loWS TOMIC cecrease in casm. 1 Smith Media Corporation Income Statement Year Ended December 31, 2018 $ 82,000 Sales Revenue Depreciation Expense-Plant Assets Other Expenses 10,100 52,000 Net Income 19,900 Print Done - X Data table lance h to v equi b during for the Smith Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 Assets 2018 2017 Sno se in casa Current Assets: Cash 3,500 4,700 $ 10,100 6,100 Accounts Receivable Long-term Assets: Plants Assets 102,350 (31,350) 88,250 (21,250) Accumulated Depreciation-Plant Assets Total Assets $ 85,800 $ 76,600 Liabilities Current Liabilities: Accounts Payable 6,400 $ 4,000 Print Done Data table TITTS ASSES TUZ,00 00,20 Accumulated Depreciation-Plant Assets (31,350) (21,250) Total Assets $ 85,800 $ 76,600 Liabilities Current Liabilities: $ 6,400 $ 4,000 Accounts Payable Long-term Liabilities: Notes Payable 8,000 10,000 Total Liabilities 14,400 14,000 Stockholders' Equity Common Stock, no par 25,000 46,400 17,000 45,600 Retained Earnings Total Stockholders' Equity 71,400 62,600 $ Total Liabilities and Stockholders' Equity 85,800 $ 76,600 Print Done