Homework: Chapter 16 Calculator Print Item Use the following excerpts from Yardley Company's financial information, 2018 Income Statement Balance Sheets Sales $465,000 Cost of Goods Sold (221,500) (60,600) Operating Expenses, other than Depreciation Expense Depreciation Expense Gain on Sale of Plant Assets (24,000) 23,500 Net Income $182,400 Dec. 31, 2018 Cash S342,450 Accounts Receivable 39,750 32,000 Inventory Accounts Payable 17,550 Accured Liabilities 3,500 Dec 31, 2017 Cash 5133,500 Accounts Receivable 36,500 Inventory 35,000 Accounts Pavable 19.550 PrintHem Accounts Receivable 39,750 32,000 Inventory Accounts Payable 17,550 3,500 Accured Liabilities Dec. 31, 2017 Cash 5133,500 Accounts Receivable 36,500 Inventory 35,000 19,550 Accounts Payable Accured Liabilities 2,200 Additional Information: Plant assets were sold for $50,000; book value $16,500. Dividends of $23,000 were declared and paid. 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. Yardley Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Homework: Chapter 16 Calculator Print Item Torud TODI CICO VOODICAT 23 Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Depreciation Expense Gain on Sale of Plant Assets Changes in Current Assets and Liabides: Accounts Recelvable Inventory Accounts Payable Accrued Llabllides Net Cash Flow from Operating Activities Cash Flow from Investing Activities: Proceeds from Sale of Plant Assets Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Dividends Paid Net Cash Flow from Financing Activities Total Cash Flow Increase Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Check My Work Previous