Use the following excerpts to prepare a statement of cash flows (indirect method) for the year 2018.

Data Table

	2018 Income statement	Balance sheets
Sales	$777,000
Cost of Goods (Merchandise)Sold	(555,000)
Operating expenses, other than depreciation	(22,000)
Depreciation expense	(44,000)
Loss on sale of plant assets	(11,000)
Net income	$145,000
		Dec. 31, 2018
Cash		$429,850
Accounts receivable		63,300
Inventory		2,400
Accounts payable		35,000
Accrued liabilities		2,100
		Dec. 31, 2017
Cash		$228,700
Accounts receivable		63,000
Inventory		2,800
Accounts payable		37,400
Accrued liabilities		2,650
Addition information:
Plant assets were sold for $22,000; book value $33,000
Dividends of $18,000 were declared and paid