Marcus Inc. reported the following Income Statement for 2018 and the comparative balance sheet for...

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Accounting

Marcus Inc. reported the following Income Statement for 2018 and the comparative balance sheet for 2018 and 2017, along with additional information for 2018.
Prepare Maynard's statement of cash flows for the year ended December 31, 2018 using the indirect method and follow the proper format.
MARCUS INC.
Comparative Balance Sheets
12/31/2018
Assets 2018 2017
Debit Accounts
Cash 42,000 33,750
Accounts receivable 70,500 60,000
Inventory 30,000 24,000
Investments (available for sale) 22,250 38,500
Machinery 30,000 18,750
Buildings 67,500 56,250
Land 7,500 7,500
269,750 238,750
Credit Accounts
Allowance for Doubtful Accounts 2,250 1,500
Accumulated depreciation - Machinery 5,625 2,250
Accumulated depreciation - Buildings 13,500 9,000
Accounts payable 35,000 24,750
Accrued payables 3,375 2,625
Long-Term Notes Payable 21,000 31,000
Common stock - no-par 150,000 125,000
Retained earnings 39,000 42,625
Total liabilities and stockholders' equity 269,750 238,750
Marcus' 2018 income statement follows (ignoring taxes)
Sales revenue $540,000
Less: Cost of goods sold 380,000
Gross Margin 160,000
Less: Operating expenses (includes $8625 depreciation and $5,400 bad debts) 120,450
Income from operations 39,550
Other: Gain on sale of innvestments 3,750
Loss on sale of machinery -800
2,950
Net income 42,500
Additional information for 2018:
1. Net income for the year was $42,500
2. Cash dividend declared and paid during the year were $21,125
3. A 20% stock dividend was declared during the year. $25,000 of retained earnings was capitalized.
4. Investments that cost $25,000 were sold during the year for $28,750
5. Machinery that cost $3,750, on which $750 of depreciation had accumulated was sold for $2,200

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