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please look at everything carefully thankyou Use the following excerpts from Yardley Company's financial information Dec 31, 2018 Cash $251,100 38,350 60,400 Dec 31, 2017
please look at everything carefully thankyou
Use the following excerpts from Yardley Company's financial information Dec 31, 2018 Cash $251,100 38,350 60,400 Dec 31, 2017 $227,000 35,350 160,000 Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Total Assets 160,000 (49,000) $620,850 59,200 60,000 160,000 (37,000) $504,550 Accounts Payable Accured Liabilities Common Stock $29,100 15,500 45,000 531,250 $620,850 $27,300 12,000 20,000 445,250 $504,550 Retained Earnings Total Liabilities and Equity Additional Information 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 Pald 12,000 Prepare a statement of cash flows inderdt method) for the year 2016. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate casn ou 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 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 8 Payment of Dividends Net Cash Flow from Financing Activities Total Cash Flow Increase Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Feedback Check My Work Step by Step Solution
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