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Prepare a cash flow statement using the indirect method for 2018:

ABC Company Balance Sheet(s) 31-Dec

No purchase of investments was made during the year. Investments with a cost of $7,000 were sold for $9,200. Land with a cost of $80,000 and buildings for $130,000 were acquired. During the year, the company disposed of equipment that had an original cost $55,000 and accumulated depreciation of $48,500. The equipment was sold for $1,500. The company also purchased equipment for $200,000

Cash flow statement help please!

ABC Company Balance Sheet(s) 31-Dec $ $ Assets Cash Accounts Receivable Inventories Total Current Assets 2018 55,528 63,216 1,287,360 1,406,104 2017 57,600 375,000 657,000 1,089,600 Land, Plant & Equipment Land Buildings Less: Accumulated Depreciation Equipment Less: Accumulated Depreciation Total Land, Plant & Equipment 145,000 280,000 (46,750) 450,000 (137,200) 691,050 65,000 150,000 (36,000) 305,000 (110,200) 373,800 Investments Total Assets 19.000 2,116,154 $ 26,000 1,489,400 $ $ Liabilities & Equity Accounts Payable Notes Payable Wages Payable Interest Payable Taxes Payable Total Current Liabilities 343,720 $ 620,000 250,000 233,000 6,600 1,453,320 123,760 248,000 50,000 120,000 4,000 545,760 Long-Term Debt 500,000 250,000 Common Stock (10,000 shares) Retained Earnings Total Equity 480,000 251.778 731,778 480,000 213,640 693,640 Total Liabilities & Equity $2,685,098 $1,489,400 ABC Company Income Statement For Year Ended 12/31/2018 $ 6,834,400 5,728,000 1,106,400 Sales Cost of Goods Sold Gross Profit Operating Expenses Wages Supplies Advertising Depreciation Total Operating Expenses 520,000 20,000 140,000 86,250 766,250 Operating Profit 340,150 Other Income Interest Income Gain from sale of investment Total Other Income 2,000 2,200 4,200 Other Expenses Interest Expense Loss on Sale Total Other Expenses 176,000 5,000 181,000 EBT Taxes 163,350 65,340 98,010 Net Income

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