Use the following excerpts from Wickham Company’s financial information to prepare a statement of cash flows (indirect method) for the year 2018.

Transcribed Image Text:

Cash Account Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Total Assets Accounts Payable Accrued Liabilities Common Stock Retained Earnings Total Liabilities and Equity Additional information: Net income for 2018 Depreciation expense for 2018 Land purchased, for cash Stock issued in exchange for cash, at par value Dividends declared and paid Dec. 31, 2018 $225,000 38,350 59,500 150,000 160,000 (49,000) 583,850 29,100 15,500 45,000 494,250 583,850 98,000 12,000 100,000 25,000 11,000 Dec. 31, 2017 $200,000 35,350 58,200 50,000 160,000 (37,000) 466,550 27,300 12,000 20,000 407,250 466,550