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a. Net income for the year was $110,000. b. Dividends of $100,000 cash were declared and paid. c. Scoreteck's only noncash expense was $80,000 of depreciation. d. The company purchased plant assets for $80,000 cash. e. Notes payable of $30,000 were issued for $30,000 cash Complete the following spreadsheet in preparation of the statement of cash flows. (The statement of cash flows is not required.) Report operating activities under the indirect method. (Enter all amounts as positive values.) SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2017 Analysis of Changes Debit Dec. 31, Dec. 31, 2016 Credit 2017 Balance Sheet-Debit Bal. Accounts 30,000 Cash Accounts receivable Inventory Plant assets 110,000 130,000 270,000 610,000 1,120,000 80,000 210,000 240,000 690,000 $1,220,000 80,000 30,000 80,000 Balance Sheet-Credit Bal. Accounts 80,000 Accumulated depreciatio Accounts payable Notes payable Common stock Retained earnings 110,000 170,000 380,000 210,000 250,000 1,120,000 190,000 150,000 410,000 210,000 260,000 $1,220,000 20,000 30,000 10,000 Statement of Cash Flows Operating activities Net income 110,000 Investing activities Financing activities $180,000$ 290,000

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