Use the following excerpts from Yardley Companys financial information to prepare a statement of cash flows (indirect method) for the year 2018.

Balance Sheets Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Gain on Sale of Plant Assets Net Income 2018 Income Statement $ 455,000 (221,500) (58,600) (24,000) 23,500 174,400 Cash Accounts Receivable Inventory Accounts Payable Accrued Liabilities Dec. 31, 2018 $321,450 39,750 33,000 17,550 3,500 Dec. 31, 2017 $133,500 36,500 35,000 19,550 2,200 Cash Accounts Receivable Inventory Accounts Payable Accrued Liabilities Additional information: Plant assets were sold for $40,000; book value $16,500 Dividends of $25,000 were declared and paid