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The following information is related to Alpha Company's fiscal year 2017. Net Income$300,000 Depreciation Expense50,000 Gain onSaleof Plant Assets5,000 Accounts Payabledecrease by4,000 Purchase of land250,000

The following information is related to Alpha Company's fiscal year 2017.

Net Income$300,000

Depreciation Expense50,000

Gain onSaleof Plant Assets5,000

Accounts Payabledecrease by4,000

Purchase of land250,000

Sale of Equipment105,000

Additional Information:

Beginning Cash Balance:$50,000Ending Cash Balance: $216,000

Equipment was sold for 105,000 in cash.

Land was paid for in cash.

Common Stock exchanged for outstanding Long Term Notes Payable of $125,000

Dividends paid were $30,000

Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method. Table may have more space than needed.

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