True-Tread Flooring Company Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Cash Accounts Receivable Inventories Investments (Long-Term) Land Equipment Accumulated Depr-Equipment Total Assets $68,900 $53,700 $89,200 $85,400 $145,800 $132,700 $0 $45,000 $105,500 $0 $210,800 $185,600 ($52,800) ($45,100) $567,400 $457,300 Liabilities Accounts Payable Salaries Payable Income Tax Payable Total Liabilities $104,300 $15,200 $12,000 $131,500 $100,200 $14,300 $10,000 $124,500 Stockholders Equity Common Stock Paid in Capital in Excess of Par Retained Earnings Total Stockholders Equity Total Liabilities & Stockholders Equity $55,000 $200,000 $180,900 $435,900 $567,400 $50,000 $100,000 $182,800 $332,800 $457,300 True-Tread Flooring Company Income Statement Year Ended December 31, 2017 $945,200 $665,900 $279,300 Sales Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense Salaries Expense Interest Expense Other Operating Expenses Total Operating Expenses Net Income Before Taxes Income Tax Expense Net Income $7,700 $97,400 $22,000 $78,000 $205,100 $74,200 $28,100 $46,100 Additional Information Equipment and Land were acquired for Cash. There were no Equipment Disposals Common Stock was issued for Cash $48,000 in Cash Dividends were paid Required: Prepare the Statement of Cash Flows Using the Indirect Method