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Use the following excerpts from Yardley Company's financial information. 2018 Income Balance Sheets Statement $455,000 (221,500) Sales Cost of Goods Sold Operating Expenses, other than
Use the following excerpts from Yardley Company's financial information. 2018 Income Balance Sheets Statement $455,000 (221,500) Sales Cost of Goods Sold Operating Expenses, other than Depreciation Expense Depreciation Expense Gain on Sale of Plant Assets Net Income (59,600) (20,000) 23,500 $177,400 Dec. 31,2018 $333,450 Cash Accounts Receivable 39,750 30,000 Inventory Accounts Payable 17,550 Accured Liabilities 3,500 Dec. 31, 2017 Cash $133,500 36,500 Accounts Receivable Inventory 35,000 19,550 Accounts Payable 2,200 Accured Liabilities Additional Information: Plant assets were sold for $50,000; book value $16,500. Dividends of $25,000 were declared and paid Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Yardley Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Changes in Current Assets and Liabilities: QO BIO Net Cash Flow from Operating Activities Cash Flow from Investing Activities: Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Changes in Current Assets and Liabilities: > Net Cash Flow from Operating Activities Cash Flow from Investing Activities: Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Net Cash Flow from Financing Activities
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