Question: i Data Table More Info - December 31, Transaction Data for 2018: 2018 2017 $ 14,700 Acquisition of land by issuing long-term note payable.. Current



i Data Table More Info - December 31, Transaction Data for 2018: 2018 2017 $ 14,700 Acquisition of land by issuing long-term note payable.. Current Accounts: $ 5,000 Stock dividends. Purchase of treasury stock .... 199,000 Gain on sale of equipment 21,700 Payment of cash dividends 12,200 Issuance of long-term note 19,000 payable to borrow cash 18,600 $ 123,700 $ Current assets: Cash and cash equivalents Accounts receivable Inventories 30,000 64,600 34,500 69,500 9,000 Collection of loan Depreciation expense Purchase of building with cash 82,000 Net income.... 6,300 3,000 2,400 79,000 Issuance of common stock for cash 36,900 Prepaid expenses Current liabilities: Accounts payable Income tax payable Accrued liabilities $ 57,700 $ 56,200 62,000 Proceeds from sale of Retirement of bonds payable by issuing common stock Purchase of long-term investment with cash 28,600 16,600 53,000 equipment 45,300 Amortization expense ......... 15,200 7,800 6,000 Print Done Print Done Johnson Software Corp. has assembled the following data for the years ending December 31, 2018 and 2017. Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement 1. Prepare Johnson's statement of cash flows using the indirect method to report operating activities. Include a schedule of noncash investing and financing activities. Start by completing the cash flows from operating activities. Then complete the remaining sections of the statement of cash flows including the schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Johnson Software Corp. Statement of Cash Flows (Indirect Method) 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: Net cash provided by used for) operating activities Cash flows from investing activities: Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Issuance of common stock Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: IL MIO Total noncash investing and financing activities
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