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HW Assignment - Chapter 16.2 Print Item Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus s Yardley Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Depreciation Expense Accounts Receivable Merchandise Inventory Accounts Payable Accrued Liabilities Net Cash Flow from Operating Activities Cash Flow from Investing Activities: Purchase of Land Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Proceeds from Stock Issuance Payment of Dividends Net Cash Flow from Financing Activities Total Cash Flow Increase Cash Balance, December 31, 2017 Cash Balance December 31, 2018 Check My Work Use the following excerpts from Yardley Company's financial information Dec. 31, 2018 Dec. 31, 2017 Cash $251,100 Accounts Receivable 38,350 Merchandise Inventory $227,000 35,350 59,200 60,000 60,400 Land Plant Assets 160,000 160,000 (49,000) Accumulated Depreciation 160,000 (37,000) Total Assets $620,850 $504,550 Accounts Payable $29,100 $27,300 Accured Liabilities 15,500 12,000 20,000 Common Stock Retained Earnings 45,000 531,250 $620,850 445,250 Total Liabilities and Equity $504,550 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 Pat Value 25,000 Dividend Declared and Paid 12,000 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 Vardiau Cam Check My Work