Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows. Develop a Cash flow statement using the indirect method. Properly title the statement.
20182017Net income$142, 500$162 , 000Depreciation Expense*42, 00035, 000Purchase of Plant Assets135, 000125, 000Disposal of Plant Assets40, 00050 , 000Gain ( Loss ) on Disposal of Plant Assets( 10, 000 )5 , 000Accounts Receivable Balance64 , 50058 , 000Accounts Payable Balance42 , 00039, 000Interest Expense8 , 0006, 000Income Taxes Paid35, 00028 , 000Dividends Paid30 , 00025, 000Common Stock Issued for Cash20 , 000O
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