Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus...
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Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Zowleski Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Depreciation Expense Accounts Receivable Change Merchandise Inventory Change $28,600 Accounts Payable Change Net Cash Flow from Operating Activities Cash Flow from Financing Activities: Payment of Notes Payable (principal) $14,500 Net Cash Flow from Financing Activities Total Cash Flow Increase Cash Balance, December 31, 2017. Cash Balance, December 31, 2018 Noncash Investing and Financing Activities: Plant Assets Acquired in Exchange for Notes Payable Feedback Use the following excerpts from Zowleski Company's financial information
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