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The following information is related to Alpha Company's fiscal year 2017. Income Statement: Net Income$300,000 Depreciation Expense50,000 Gain onSaleof Plant Assets10,000 Interest Expense500 Balance Sheet

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

Income Statement:

Net Income$300,000

Depreciation Expense50,000

Gain onSaleof Plant Assets10,000

Interest Expense500

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payable($4,000)

Plant Assets - Purchased250,000

Plant Assets - Disposals(100,000)

Additional Information:

Cash Balance - 12/31/2016:$50,000

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

Dividends paid were $25,000

How would you use this information to create the Statement of Cash Flows for Alpha Company using the indirect method?

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