The 2018 comparative balance sheet and income statement of Alentown Group, Inc. folio Allentown deposed of a plant asset at book value during 2018 Click the icon to view the comparative balance sheet ick the loon to view the cometer) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash fows from operating activities by the indirect method A plant asset was disposed of fors. The cost and accumulated depreciation of the disposed met was 512.000. There were no sales of land, no retirement of common lock and notrany stock transactions. Assume plant onsset and land acquisitions were forcath Balance Transaction Analysis Balance Panel A--Balance Sheet: 12/31/2017 DEBIT CREDIT 12/31/2010 Cash 5 15,500 5 7.000 Accounts Receivable 43,000 42,000 Merchandise Inventory 23.500 56,700 Land 16,000 41,500 Plant Assets 111. 110 120.610 Actor Depreciation Plan Ansett (17.310) 20,210) $ 261,10 5 Tout 26,600 Accouis Payable Acousti Notes Pay Total 20,000 22.200 60.000 DDE 75.100 2.100 12.000 01.200 109,000 141.100 Common Stock Retained Earnings 133.400 19,400 55,000 280.600 5 261,600 TE the storm fost puting style od The crew of Bed12.001. There are Common lack and wat ons land www.forcimin Coming Auto Reconciliation Cardbywa Provided Operating Ames CA 00 furt Carac Net Dashtag At Tu (SI... Dainte- Data Table Allentown Group, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash 7,800 $ 15.500 43,000 42,000 96.700 93,500 Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets 41,900 120,510 (20,310) 16,000 111,110 (17,310) Accumulated Depreciation-Plant Assets $ 288,600 $ 261,800 Total Assets Liabilities $ 25,100 $ 26.800 24,100 22 200 Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities 42.000 60,000 91,200 109,000 Stockholders' Equity Common Stock, no par 141.800 133,400 Print Done Data Table Allentown Group, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 441,000 205,500 235,500 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense--Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 76,200 15,600 49,400 141,200 94,300 11,700 (24,500) (12,800) Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income 81,500 16,400 S 65,100 Print Done