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I figured out the balance sheet and income statement but I'm not sure what to put in the statement of cash flows? I keep struggling with the cash flows.

Year Ended December 31, 2018 Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: Total Cash Payments Net Cash Provided by (Used for) Operating Activities * More Info a. On January 1, 2018, ARRC issued no par common stock for $575,000 b. Early in January, ARRC made the following cash payments: 1. For store fixtures, $51,000 2. For merchandise inventory, $330,000 3. For rent expense on a store building, $10,000 c. Later in the year, ARRC purchased merchandise inventory on account for $241,000. Before year-end, ARRC paid $151,000 of this accounts payable. d. During 2018, ARRC sold 2,600 units of merchandise inventory for $325 each. Before year-end, the company collected 85% of this amount. Cost of goods sold for the year was $350,000, and ending merchandise inventory totaled $221,000. e. The store employs three people. The combined annual payroll is $94,000, of which ARRC still owes $2,000 at year-end. f. At the end of the year, ARRC paid income tax of $17,000. There are no income taxes payable. g. Late in 2018, ARRC paid cash dividends of $42,000. h. For store fixtures, ARRC uses the straight-line depreciation method, over five years, with zero residual value. Print Done Requirement 1. Prepare ARRC's income statement for the year ended Decemb American Reserve Rare Coins Income Statement Year Ended December 31, 2018 Revenue: Sales Revenue $ 845,000 $ Expenses: Cost of Goods Sold Rent Expense Salaries and Wages Expense Depreciation Expense Income Tax Expense 350,000 10,000 94,000 10,200 17,000 Total Expenses 481,200 $ 363,800 Net Income 1 _. Balance Sheet December 31, 2018 Assets Liabilities Current Assets Cash $ Current Liabilities: Accounts Payable Salaries Payable $ 90,000 600,250 126,750 221,000 Accounts Receivable 2,000 Merchandise Inventory Total Current Liabilities 92,000 Total Current Assets 948,000 Property, Plant, and Equipment Store Fixtures Stockholders' Equity Common Stock, no par Retained Earnings $ 51,000 (10,200) 575,000 321,800 896,800 Less: Accumulated Depreciation 40.800 Total Stockholders' Equity $ 988,800 Total Assets Total Liabilities and Stockholders' Equity

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