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Income Statement W: Year Ended December 31, 2017 to view the additional data.) 363,857 11,186 2017, using the indirect method. ree categories of cash flows and give the reason for I. 375,043 Revenues: Service revenue Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense ecember 31, 2017, using the indirect method. ch section of the statement of cash flows, including the subtracted and for negative amounts.) 123,429 69,429 34,714 5,529 2,700 7.714 243,515 $ 131,528 Net income Additional data: a. Acquisition of plant assets was $257,143. Of this amount, $205,714 was paid in cash and $51,429 by signing a note payable. b. Proceeds from sale of land totalled $29,571. c. Proceeds from issuance of common share totalled $77,143. d. Payment of long-term note payable was $16,715. e. Payment of dividends was $12,857 f. From the balance sheets: eri ad December 21 ! U VIC VI VITIUUHU WOULUT f. From the balance sheets: December 31, 2017 2016 Current Assets: Cash I $ 192,857 $ 178,586 Accounts receivable 56,571 73,286 . . Inventory 133,714 92,571 Prepaid expenses 12,214 10,671 . Current Liabilities: Accounts payable $ 48,857 $ 29,571 Accrued liabilities 14,143 30,857