Boca Inc.
Balance Sheets
December 31
	Assets							2018		2017
	Cash							110,800		48,400
	Accounts Receivable							38,000		87,800
	Inventory							112,500		102,850
	Prepaid Expenses							26,000		28,400
	Long-term Investments							109,000		138,000
	Plant Assets							397,000		242,500
	Accumulated depreciation							-50,000		-52,000
	Total							743,300		595,950
	Liabilities and Stockholders' Equity
	Accounts Payable							72,000		67,300
	Accrued Expenses Payable							13,500		21,000
	Dividends Payable							3,000		-
	Bonds Payable							170,000		146,000
	Common Stock							262,000		175,000
	Retained Earnings							222,800		186,650
	Total							743,300		595,950
Additional Information:
1. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500
were sold for $1,500 cash.
2. A new plant asset was purchased directly in exchange for common stock valued at $42,000.
3. New bonds were issued at par for $60,000.
4. 2018 Net income was $154,480.
5. A $1,000 prior period adjustment was recorded in 2017 correcting an understatement of
depreciation in 2015. The 2017 balance sheet is appropriately restated.
6. The decrease in Long-term Investments was due to a sale of investments at original cost.
Required:
1. Prepare a 2018 statement of cash flows using the indirect method. Use the textbook
format (pages 1,339, 1,342, 1,345). Do not submit supporting computations.