Please use the following excerpts from Victrolla Company financial information. 2018 Income Statement Balance Sheet Sales $ 455,000 Cost of goods sold (221,500) Operating expenses, other than depreciation expenses (009'6) Depreciation expenses (000 ') Gain from the sale of plant assets 23,500 Net income $ 176,400 December 31, 2018 Cash $ 325,450 Accounts Receivable Inventory 39,750,000'08 Accounts Payable 17,550 Accrued Liabilities 3,500 December 31, 2017 Cash $ 133,500 Accounts Receivable 36,500 Inventory 000 19,550 Accounts Payable

Prepare the Statement of cash flows

Use the following excerpts from Victrolia Company's financial information. 2018 Income Statment Balance Sheets Sales $455,000 Cost of Goods Sold (221,500) Operating Expenses, other than Depreciation Expense Depreciation Expense Gain on Sale of Plant Assets Net Income (59,600) (21,000) 23,500 $176,400 Dec. 31, 2018 Cash $325,450 39,750 Accounts Receivable Inventory Accounts Payable Accured Liabilities 30,000 17,550 3,500 Dec. 31, 2017 Cash $133,500 Accounts Receivable 36,500 35,000 Inventory Accounts Payable Accured Liabilities 19,550 2,200 Dec. 31, 2017 $133,500 Cash 36,500 Accounts Receivable Inventory Accounts Payable 35,000 19,550 Accured Liabilities 2,200 . Additional Information: Plant assets were sold for $40,000; book value $16,500 Dividends of $23,000 were declared and paid Prepare a statement of cash flows (direct method) for the year 2018. Use the minus sign to indicate cash out flows, a decrease in cash cash payments. Victrolia Company Statement of Cash Flows (Direct Method) Year Ended December 31, 2018 Cash Flow from Operating Activities: Cash Payments: Ba Net cash flows from operating activities Victrolia Company Statement of Cash Flows (Direct Method) Year Ended December 31, 2018 Cash Flow from Operating Activities: $ Cash Payments: . Net cash flows from operating activities Cash Flow from Investing Activities: Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Net Cash Flow from Financing Activities Cash Balance, December 31, 2017 Cash Balance, December 31, 2018