Smithtown Software Corp. has assembled the following data for the years ending December 31, 2018 and 2017. Click the icon to view the current accounts. O Requirement 1. Prepare Smithtown's statement of cash flows using the indirect method to report operating activities. Include a schedule of noncash investing and financing (Click the icon to view the transaction data.) 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.) Smithtown 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: 6 More Info Transaction Data for 2018: Acquisition of land by issuing long-term note payable Purchase of treasury stock $ 195,000 Gain on sale of equipment 31,600 Payment of cash dividends 10,700 Issuance of long-term note 25,000 payable to borrow cash $ 10,700 11,400 15,100 Stock dividends Collection of loan Depreciation expense Purchase of building 50,600 Net income 5,700 with cash 79,000 Issuance of common stock Retirement of bonds payable for cash 63,000 by issuing common stock 61,000 Proceeds from sale of Purchase of long-term 12,500 5,200 equipment investment with cash 45,300 Amortization expense Print Done Data Table December 31 2018 2017 Current Accounts: Current assets Cash and cash equivalents Accounts receivable Inventories Prepaid expenses $ 72,700 $ 24,000 64,400 78,000 2,200 40,000 8,000 3,500 Current liabilities Accounts payable Income tax payable Accrued liabilities $ 10,400 $ 56,100 16,500 27,400 18,300 15,700 Print Done