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Use the following excerpts from Zowleski Company's financial Information. Dec. 31, 2018 Dec. 31, 2017 Cash $98,700 $90,000 Accounts Receivable 22,000 22,900 Merchandise Inventory 139,000
Use the following excerpts from Zowleski Company's financial Information. Dec. 31, 2018 Dec. 31, 2017 Cash $98,700 $90,000 Accounts Receivable 22,000 22,900 Merchandise Inventory 139,000 131,000 Plant Assets 190,000 155,000 Accumulated Depreciation (25,000) (21,000) Total Assets $424,700 $377,900 Accounts Payable $18,500 $21,000 Notes Payable 140,500 120,000 Common Stock 20,000 20,000 Retained Earnings 245,700 216,900 Total Liabilities and Equity $424,700 $377,900 Additional Information: Net Income for 2018 Depreciation Expense for 2018 (Accumulated Depreciation Increase) Plant Assets Purchased (Plant Assets Increase), $28,800 4,000 Plant Assets Purchased (Plant Assets Increase), Finance by Note 35,000 Notes Payable Increased by Amount of Plant Assets Purchase 35,000 Notes Payable Decreased by Amount of Principal Note Payments 14,500 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 paymenm Zowleski 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: 0 Net Cash Flow from Operating Activities Cash Flow from Financing Activities: Net Cash Flow from Financing Activities 0000 0.00 eBook Zowleski 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 Financing Activities: Net Cash Flow from Financing Activities Noncash Investing and Financing Activities: 0000 0000.00
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