Morgensen 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 Morgensen'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.) x Data Table Morgensen Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: More Info X December 31, 2018 2017 Transaction Data for 2018: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Current Accounts: $ Current assets Cash and cash equivalents $ 24,000 82,500 $ 69,300 Accounts receivable 64,200 84.000 9,000 3,000 1,900 Inventories Prepaid expenses Current liabilities: Accounts payable Income tax payable Accrued liabilities Acquisition of land by issuing long-term note payable.... Stock dividends Collection of loan Depreciation expense Purchase of building with cash Retirement of bonds payable by issuing common stock Purchase of long-term investment with cash Purchase of treasury stock .....$ 14,400 198,000 Loss on sale of equipment 4,200 20,000 Payment of cash dividends 18,800 10,800 Issuance of long-term note 16,400 payable to borrow cash 34,500 Net income 64,000 133,000 Issuance of common stock for cash 38,100 64,000 Proceeds from sale of equipment 53,000 44,900 Amortization expense 5,200 $ 55,500 9,500 $ 29,100 17,100 6,300 14,900 Net cash provided by (used for) operating activities Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check