The balance sheet and income statement for Vespa Company are presented below.

Vespa Company Balance Sheet As at December 31
	2018	2017
Assets
Current Assets
Cash	$118,900	$75,500
Accounts Receivable	$46,200	$28,500
Merchandise Inventory	$73,800	$42,800
Total Current Assets	$238,900	$146,800
Land	$94,000	$102,000
Equipment	$95,000	$130,000
Less: Accumulated Depreciation	$-45,000	$-61,000
Total Assets	$382,900	$317,800
Liabilities and Equity
Liabilities
Current Liabilities
Accounts Payable	$34,100	$66,400
Taxes Payable	$27,200	$27,200
Total Current Liabilities	$61,300	$93,600
Bonds Payable	$129,500	$88,700
Total Liabilities	$190,800	$182,300
Stockholders' Equity
Common Stock	$76,100	$69,100
Retained Earnings	$116,000	$66,400
Total Stockholders' Equity	$192,100	$135,500
Total Liabilities and Equity	$382,900	$317,800

Notes: The company paid cash dividends during 2018.

The company did not make a bonds payable payment during 2018.

The company did not purchase any equipment during 2018.

The company did not purchase any land during 2018.

Vespa Company Income Statement For the Year Ended December 31, 2018
Sales	$408,000
Cost of Goods Sold	$265,200
Gross Profit	$142,800
Operating Expenses
Depreciation Expense	$9,000
Other Operating Expenses	$26,500
Total Operating Expenses	$35,500
Income from Operations	$107,300
Other Revenue
Interest Expense	$-6,400
Loss on Sale of Equipment	$-7,300
Gain on Sale of Land	$7,400
Operating Income before Tax	$101,000
Income Tax	$30,300
Net Income (Loss)	$70,700

Prepare the cash flow statement for December 31, 2018 using the indirect method.

Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash.

Vespa Company Cash Flow Statement For the Year Ended December 31, 2018
Cash Flow from Operating Activities
Net Income	Answer
Adjustments to Reconcile Net Income to Cash
Depreciation Expense	Answer
Loss on Sale of Equipment	Answer
Gain on Sale of Land	Answer
Changes in Operating Assets and Liabilities
Increase in Accounts Receivable	Answer
Increase in Merchandise Inventory	Answer
Decrease in Accounts Payable	Answer
Change in Cash Due to Operating Activities		Answer
Cash Flow from Investing Activities
Sale of Equipment	Answer
Sale of Land	Answer
Net Cash Provided (Used) by Investing Activities		Answer
Cash Flow from Financing Activities
Proceeds from Issuance of Common Stock	Answer
Proceeds from Bonds Payable	Answer
Payment of Dividends	Answer
Net Cash Provided (Used) by Financing Activities		Answer
Net increase (decrease) in cash		Answer
Cash at the Beginning of the Year		Answer
Cash at the End of the Year		Answer