Question
Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows.Create Cash flow statement. Need help on this
Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows.Create Cash flow statement. Need help on this last question. The chart has way more lines than I needed so I think I may have messed that up.
Year 2018 2017
Cash Balance $133,500 $37,500
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 $68,000
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 $0
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