From the following income statement (Figure 21.12 ), balance sheet (Figure 21.13 ), and additional data for Salmon Company, prepare a statement of cash flows using the indirect method.

Income Statement for Salmon

Balance Sheet for Salmon

Additional Data

1. All Plant and Equipment were purchased with cash.

2. Sold additional 5,500 shares of stock for cash at par.

3. A $2,000 dividend was declared and paid.

4. Short-term notes used to finance inventory.

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SALMON COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2018 $ 96 6 00 00 68 90000 Sales Cost of Goods Sold Gross Profit $ 27기001001 Operating Expenses: $770000 73 0000 Rent Expense Depreciation Expense Salary Expense 680000 Miscellaneous Expense 335000 Total Operating Expenses 25 15000 Net Income $ 255000