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Question 1 (25 points) The following information is related to Alpha Company's fiscal year 2017. Income Statement S300,000 50,000 Loss on Sale of Plant Assets

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Question 1 (25 points) The following information is related to Alpha Company's fiscal year 2017. Income Statement S300,000 50,000 Loss on Sale of Plant Assets 5,000 500 Balance Sheet 12/31/17: Increase (Decrease) ($4,000) Plant Assets - Purchased 250,000 Plant Assets - Disposals (100,000) Net Income Depreciation Expense Interest Expense Accounts Payable Additional Information: Cash Balance-12/31/2016: S50,000 Common Stock exchanged for outstanding Long Term Notes Payable of $125,000 Dividends paid were $30,000 Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirec method. Paragrap

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