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Use the following excerpts from Zowleski Company's financial information. Additional Informationt Net Income for 2018 $28,200 Depreciation Expense for 2018 (Accumulated Depreciation Increase) Plant Assets

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Use the following excerpts from Zowleski Company's financial information. Additional Informationt Net Income for 2018 $28,200 Depreciation Expense for 2018 (Accumulated Depreciation Increase) Plant Assets Purchased (Plant Assets Increase), Finance by Note Notes Payable Increased by Amount of Pant Assets Purchase 30,000 Notes Payable Decreased by Amount of Principal Note Payments 14,500 Prepare a statement of cash fiows (indirect method) for the year 2018. Use the minus sign to indicote cash outhows, a decrease in cash or cash payments. Zowleski Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Wet fincome = Adjustments to Reconcile Net Income to Net Cash Flow from Operating Actuities: Depreciation Expense Accounts Receiyable Change Merchandise Invectory change Accounts pavablechanas v Net Cash Flow from Operating Activities Cash Flow from Financing Activities! Payment of Notes Pavable fonincipal) Net Cash Flow from Financing Activities Togat Cath flow Increase vv Carh Balanch, December 31,2017.. Cath Balance. Decomber 31, 2018 . Noncash Investing and Financing Activities! grant Assets Acquired in Exchange for Notes Payabse

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