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Question 25 (16 points) Saved Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows. Prepare a
Question 25 (16 points) Saved Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows. Prepare a cash flow statement using the indirect method. Properly title the statement. 2018 2017 Cash balance $113,500 142,500 42,000 $37,500 162,000 Net income 2 Depreciation Expense 35,000 Purchase of Plant Assets 135,000 125,000 50,000 15 5,000 40,000 (10,000) 64,500 42,000 58,000 Disposal of Plant Assets Gain (Loss) on Disposal of Plant Assets Accounts Receivable Balance Accounts Payable Balance Interest Expense Income Taxes Paid 18 39,000 8,000 6,000 21 35,000 30,000 20,000 28,000 25,000 Dividends Paid 24 Common Stock Issued for Cash o Format B
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