Question: Please complete a statement of cash flow i Data Table X Accountants for Morston, Inc. have assembled the following data for the year ended December
Please complete a statement of cash flow

i Data Table X Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2018: (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Prepare Morston's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. 2018 2017 Current Assets: 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 Cash $ 102,500 $ 19,000 not select a label or enter a zero.) Accounts Receivable 64,600 69,200 Morston, Inc. Merchandise Inventory 79,000 77,000 Statement of Cash Flows Current Liabilities: Year Ended December 31, 2018 Accounts Payable 57,900 56,000 Cash Flows from Operating Activities: Income Tax Payable 14,900 16,300 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: i Data Table X Transaction Data for 2018: Issuance of common stock for cash $ 44,000 Payment of notes payable $ 41,100 Depreciation expense 25,000 Payment of cash dividends 49,000 Purchase of equipment with cash 79,000 Issuance of notes payable to borrow cash 63,000 Acquisition of land by issuing long-term notes payable 116,000 Gain on sale of building 6,000 Net Cash Provided by (Used for) Operating Activities Book value of building sold 51,000 Net income 66,500 Cash Flows from Investing Activities: Print Done Choose from any list or enter any number in the input fields and then continue to the next
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