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eBook Use the following excerpts from Zowleski Company's financial information. Cash Accounts Receivable Merchandise Inventory Plant Assets Accumulated Depreciation Total Assets Dec. 31, 2018 Dec.
eBook Use the following excerpts from Zowleski Company's financial information. Cash Accounts Receivable Merchandise Inventory Plant Assets Accumulated Depreciation Total Assets Dec. 31, 2018 Dec. 31, 2017 $94,500 $85,000 22,000 22,900 138,000 131,000 180,000 150,000 (25,000) (21,000) $409,500 $367,900 Accounts Payable Notes Payable $18,500 $21,000 135,500 120,000 Common Stock 20,000 20,000 Retained Earnings 235,500 206,900 Total Liabilities and Equity $409,500 $367,900 Additional Information: Net Income for 2018 Depreciation Expense for 2018 (Accumulated Depreciation Increase) Plant Assets Purchased (Plant Assets Increase), Finance by Note Notes Payable Increased by Amount of Plant Assets Purchase $28,600 4,000 30,000 30,000 eBook of Plant Assets Purchase Notes Payable Decreased by Amount of Principal Note Payments 30,000 14,500 Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Zowleski Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Net Cash Flow from Operating Activities Cash Flow from Financing Activities: Net Cash Flow from Financing Activities Noncash Investing and Financing Activities: 00 00001 0
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