Question: Using the data for Pasta's Point. provided in the sheet labeled Cash Flows prepare: Statement of Cash Flows for fiscal year 2018 in proper format.
Using the data for Pasta's Point. provided in the sheet labeled "Cash Flows" prepare: Statement of Cash Flows for fiscal year 2018 in proper format. 
Pasta's Point List of Items for Statement of Cash Flows Statement December 31, 2018 (thousands of dollars) Cash and Cash Equivalents, January 1, 2018 Cash and Cash Equivalents, December 31, 2018 increase in accrued expenses decrease in prepaid expenses increase in inventories decrease in income taxes payable increase in accounts payable gain on sale of investment increase in accounts receivable gain on sale of land dividend payments depreciation expense payments for purchase of investments payments for purchase of equipment payments for ppuchase of land proceeds from sale of land proceeds from the issuance of stock proceeds from sale of investments net income payments made to retire bonds payable proceeds from the issueance of a mortgage payments for purchase of building 66,200 186,200 2,300 960 21,350 3,500 6,840 11,000 20,000 20,500 33,000 39,990 40,500 56,200 62,500 85,000 81,000 100,500 120,000 150,000 175,000 187,500
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