Use the following excerpts from Zowleski Company's financial information. Dec. 31, 2018 Dec. 31, 2017 Cash $99,200 $90,000 Accounts Recelvable 22,100 22,900 Merchandise Inventory 138,000 131,000 Plant Assets 155,000 185,000 (25,000) Accumulated Depreciation (21,000) Total Assets $419,300 $377,900 Accounts Payable $18,500 $21,000 Notes Payable 135,500 120,000 Common Stock 20,000 20,000 245,300 216,900 Retained Earnings Total Liabilities and Equity $419,300 $377,900 Additional Information: Net Income for 2018 $28,400 4,000 Depreciation Expense for 2018 (Accumulated Depreciation Increase) Plant Assets Purchased (Plant Assets Increase), Finance by Note 30,000 Notes Payable Increased by Amount of Plant Assets Purchase 30,000 Notes Payable Increased by Amount of Plant Assets Purchase 30,000 Notes Payable Decreased by Amount of Principal Note Payments 14,500 Prepare 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. Zowleskl Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Net Income 28,400 Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Depreciation Expense 4,000 Accounts Receivable Change 100 X Merchandise Inventory Change 7,000 X Accounts Payable Change 18.500 X Net Cash Flow from Operating Activities Cash Flow from Financing Activities: Payment of Notes Payable (principal) Net Cash Flow from Financing Activities Payment of Notes Payable (principal) po 00 Payment of Notes Payable (principal) -X Net Income Noncash Investing and Financing Activities