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Use the following excerpts from Yardley Company's financial information. Dec. 31, 2018 Dec. 31, 2017 Cash Accounts Receivable Merchandise Inventory $241,100 $219,000 38,350 35,350 59,400
Use the following excerpts from Yardley Company's financial information. Dec. 31, 2018 Dec. 31, 2017 Cash Accounts Receivable Merchandise Inventory $241,100 $219,000 38,350 35,350 59,400 58,200 Land 175,000 75,000 Plant Assets 160,000 160,000 Accumulated Depreciation (49,000) (37,000) Total Assets $624,850 $510,550 Accounts Payable $29,100 $27,300 Accured Liabilities 15,500 12,000 Common Stock 45,000 20,000 Retained Earnings 535,250 451,250 Total Liabilities and Equity $624,850 $510,550 Additional Information: Net Income for 2018 $95,000 Depreciation Expense for 2018 12,000 Land Purchased, for Cash 100,000 Stock Issued in Exchange for Cash, At Pat Value 25,000 Dividend Declared and Paid 11,000 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 Cash Flow from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: 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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