Prepare a statement of cash flows for the year ended December 31, 2018 using the indirect method.

F 17.492.51 2 ABC 23 Less: Expenses 24 Depreciation Expense 25 Insurance Expense 26 Interest Expense 27 Office Supplies Expense 28 Payroll Tax Expense 29 Postage Expense 30 Total Expenses 31 32 Net Profit 4,589.90 1,439.58 118.08 1,273.05 47.97 0.00 4,237.20 0.00 115.20 1,242.00 46.80 24,961.09 5,641.20 137,288.38 153,577.80 Balance Sheet At December 31, 2017 and 2018 2018 Amount 2017 Amount Amount Amount 410,753.54 41,901.43 24,061.10 740.31 326,356.20 26,676.00 18,630.00 963.00 477,456.37 372,625.20 9 Assets 10 Current Assets 11 Cash 12 Accounts Receivable 13 Inventory 14 Prepaid Expenses 15 Total Current Assets 16 17 Fixed Assets 18 Buildings 19 Land 20 Computers & Sofwares 21 Furniture & Fixtures 22 Machinery & Equipment 23 Accumulated Depreciation 24 Total Fixed Assets 119,250.00 7,047.00 16,299.00 45,000.00 78,120.00 (18,329.51) 119,250.00 2,007.00 5,184.00 45,000.00 78,120.00 (837.00) 247,386.49 248,724.00 26 Total Assets 724,842.86 621,349.20 28 Liabilities 29 Current Liabilities 30 Accounts Payable 31 Payroll Tax Payable 32 Sales Tax Payable 33 Interest Payable 34 Unearned Revenue 35 Line of Credit 36 Total Current Liabilities 37 38 Owners Equity 11,471.29 4,599.59 2,349.61 5,187.24 20,475.00 258,750.00 11,191.50 4,487.40 2,292.30 3,656.25 0.00 315,000.00 302,832.73 336,627.45 900.00 900.00 900.00 900.00 40 Peters J. Capital 41 Peters M. Capital 42 Retained Earning 43 Opening Balance 44 Add: Net Profit 45 Total Owners Equity 282,921.75 137,288.38 129,343.95 153,577.80 422.010.13 284,721.75 47 Total Liabilities 724,842.86 621,349.20