Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and...

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Accounting

Selected financial information for the Adelphi Companyfor the fiscal years ended December 31, 2018 and 2017 follows.Prepare a cash flow statement using the indirect method. Properlytitle the statement.
2018 2017
Net income $142,500 $162,000
Depreciation Expense 42,000 35,000
Purchase of Plant Assets 135,000 125,000
Disposal of Plant Assets 40,000 50,000
Gain (Loss) on Disposal of Plant Assets (10,000) 5,000
Accounts Receivable Balance 64,500 58,000
Accounts Payable Balance 42,000 39,000
Interest Expense 8,000 6,000
Income Taxes Paid 35,000 28,000
Dividends Paid 30,000 25,000
Common Stock Issued for Cash 20,000 0

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Adelphi Company Cash Flow Statement For the Year Ended December 31 2018 Cash Flow from Operating Activities Net Income 14250000 Adjustments to reconcile net loss See Answer

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	2018	2017
Net income	$142,500	$162,000
Depreciation Expense	42,000	35,000
Purchase of Plant Assets	135,000	125,000
Disposal of Plant Assets	40,000	50,000
Gain (Loss) on Disposal of Plant Assets	(10,000)	5,000
Accounts Receivable Balance	64,500	58,000
Accounts Payable Balance	42,000	39,000
Interest Expense	8,000	6,000
Income Taxes Paid	35,000	28,000
Dividends Paid	30,000	25,000
Common Stock Issued for Cash	20,000	0