Prepare the statement of cash flows- Indirect Method.

Learning Objective 2 P16-40B Preparing the statement of cash flows-indirect method Net Cash Prov. by Op. Act. $85,700 Accountants for Benson, Inc. have assembled the following data for the year ended December 31, 2018: 2018 2017 Current Assets: Cash Accounts Receivable Merchandise Inventory 86,000 82,000 s105,100 18,000 64,400 68,900 Current Liabilities: Accounts Payable ncome Tax Payable 58,000 56,100 14,700 16,900 Transaction Data for 2018: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold 37,000 Payment of notes payable 24,000 Payment of cash dividends 69,000 123,000 47,100 53,000 68,000 4,500 66,000 Issuance of notes payable to borrow cash Gain on sale of building 61,000 Net income