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