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 Net income $142, 500 $162, 000 Depreciation Expense 42, 000 35, 000 Purchase of Plant Assets 135, 000 125, 000 Disposal of Plant Assets 40, 000 50, 000 Gain ( Loss ) on Disposal of Plant Assets (10 , 000 ) 5, 000 Accounts Receivable Balance 64, 500 58, 000 Accounts Payable Balance* 42, 000 39, 000 Interest Expense 8, 000 6, 000 Income Taxes Paid 35, 000 28, 000 Dividends Paid 30 , 000 25, 000 Common Stock Issued for Cash 20 , 000 O