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The following information is related to Alpha Company's fiscal year 2017. Income Statement: S300,000 50,000 Loss on Sale of Plant Assets 15,000 500 Balance Sheet
The following information is related to Alpha Company's fiscal year 2017. Income Statement: S300,000 50,000 Loss on Sale of Plant Assets 15,000 500 Balance Sheet 12/31/17: Increase (Decrease) S4,000 Plant Assets Purchased 250,000 Plant Assets Disposals(100,000) Net Income Depreciation Expense Interest Expense Accounts Payable Additional Information: Cash Balance 12/31/2016: S50,000 Common Stock exchanged for outstanding Long Term Notes Payable of S125,000 Dividends paid were S30,000 Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method
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