Question: P16-33A Preparing the statement of cash flows-indirect method Prep Learning Objective 2 Accountants for Morganson, Inc have assembled the following data for the year ended

2 Accountants for Morganson, Inc have assembled the following data for the

P16-33A Preparing the statement of cash flows-indirect method Prep Learning Objective 2 Accountants for Morganson, Inc have assembled the following data for the year ended December 31, 2018: Net Cash Used for Inv. Act. $(15,500) 2018 2017 Current Assets: Cash Accounts Receivable Merchandise Inventory $ 99,400 $25,000 69,700 83,000 75,000 64,100 Current Liabilities: Accounts Payable Income Tax Payable 57,600 14,800 55,200 16,800

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