Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows.Prepare cash flow statement using the indirect method.Properly title the statement.

2018 2017

Cash balance$113,500$37,500Net income142,500162,000Depreciation Expense42,00035,000Purchase of Plant Assets135,000125,000Disposal of Plant Assets40,00050,000Gain (Loss) on Disposal of Plant Assets(10,000)5,000Accounts Receivable Balance64,50058,000Accounts Payable Balance42,00039,000Interest Expense8,0006,000Income Taxes Paid35,00028,000Dividends Paid30,00025,000Common Stock Issued for Cash20,0000