7) Prepare a statement of cashflows uusing the indirect method Use the following excerpts from Zowleski Company's financial information to prepare a statement on cash flows (indirect method) for the year 2018. (Next page) Dec. 31, Dec. 31, 2018 2017 $ 92,300 $ 85,000 Cash 22,000 22,900 Account Receivable 140,000 131,000 Merchandise Inventory 180,000 150,000 Plant Assets (25,000) (21,000) Accumulated Depreciation 409,300 367,900 Total Assets 18,500 21,000 Accounts Payable 135,500 120,000 Notes Payable 20,000 20,000 Common Stock 235,300 206,900 Retained Earnings 409,300 367,900 Total Liabilities and Equity Additional information: Net income for 2018 Depreciation expense for 2018 (accumulated depreciation increase) Plant assets purchased (plant assets increase), financed by note Notes payable increased by amount of plant asset purchase Notes payable decreased by amount of principal note payments 28,400 4,000 30,000 30,000 14,500