Question

Use the following excerpts from Yardley Company's financial information to prepare
a statement of cash flows for the year 2018.
	2018 Income	Balance
	Statement	Sheet
Sale	455,000
Cost of Goods Sold	-221,500
Operating expenses other than depreciation expenses	-58,600
Depreciation expenses	-24,000
Gain on Sale of Plant Assets	23,500
Net Income	174,400
		Dec, 31,2018
Cash		$321,450
Accounts Receivable		39,750
inventory		33,000
Accounts payable		17,550
Accured Liabilities		3,500
		Dec.31, 2017
		$133,500
Cash		36,500
Accounts Receivable		35,000
inventory		19,550
Accounts payable		2,200
Accured Liabilities
Additional information:
plant assets were sold for $40,000; book value $16,500
Dividends of 25,000 were declared and paid