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ilment of Cash Flows-Indirect Method (17 Points) The balance sheets for Toys for Tots Inc. showed the following information Add to concerning transactions and events

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ilment of Cash Flows-Indirect Method (17 Points) The balance sheets for Toys for Tots Inc. showed the following information Add to concerning transactions and events during 2018 are presented below. 8 Information. Additional information Toys for Tots Inc. Balance Sheet $ Cash Accounts receivable (net) Inventory Long-term investments Property, plant & equipment Accumulated depreciation December 31 2018 2017 30.900 $ 10,200 43,300 20,300 35,000 42.000 15.000 176,500 150.000 (37.700) (25.000) $248.000 $212.500 $ 17,000 $ 36,500 21,000 17,000 12,000 6,000 10,000 40,000 130,000 90,000 58,000 23,000 $248,000 $212.500 Accounts payable Accrued liabilities Short-term loans payable Long-term notes payable Common stock Retained earnings Additional data: 1. Net income for the year 2018, $35,000. 2. Sold the long-term investments for $33,000. 3. Purchased machinery with cash. 4. There was no property, plant and equipment sale during the year. Instructions Using the format provided on the next page, prepare a statement of cash flows (using the indirect method) for 2018 for Kinder Company

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