Given:

2018 2017

Net income $140,000 $160,000

Depreciation Expense 40,000 30,000

purchase of Plant assets 130,000 120,000

Disposal of plant assets 40,000 50,000

Gain (loss) on disposal of plant assets (10,000) 5,000

Accounts receivable balance 64,000 55,000

Accounts Payable Balance 42,000 39,000

Interest Expense 8,000 6,000

Income taxes paid 35,000 28,000

Dividends Paid 30,000 25,000

Common Stock issued for cash 15,000 0

Prepare:

cash flow statement using indirect method