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  3. the year ended 12/31/2018 income statement for sam

The Year Ended 12/31/2018 Income Statement for Sam pson Inc. is as follows: Sales revenuc...

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The Year Ended 12/31/2018 Income Statement for Sam pson Inc. is as follows: Sales revenuc Less cost of goods sold Gross profit Less o Less depreciation ex S575,000 172,000 48,000 Income before taxes Less income tax ex 18,000 48,000 4,000 The Partial Balance Sheets for Sampson Inc. as of 12/31/2018 and 2017 are as follows: 2018 2017 Cash Accounts reccivable S84,000 156,000 300,000 12,000 S66,000 144,000 306,000 14,400 id rent Accounts payable Dividends 216,000 24,000 21,600 Additional Information *Purchased cquipment for $96,000 cash. Fully depreciated equipment costing $18,000 was discarded. Land costing S36,000 was sold for S54,000. Bonds payable of S60,000 were paid off. Dividends of S30,000 were declared. Land was purchased by issuing common stock $20,000. REQUIRED: Using proper GAAP format, prepare the Statement of Cash Flows (indirect format) for the year ended 12/31/2018 using Excel. Be sure to use Excel formulas as appropriate. (c.g to total cash flows from operating, investing, and financing activities

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