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

2018

2017

Cash balance

$113,500

$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

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

0