Selected financial information for the Adelphi Company

1) Selected financial information for the Adelphi Company
May 5, 2020
On January 1, Easton Company had cash on hand of $95,000. All
May 5, 2020

) Selected financial information for the Adelphi Company for the

fiscal years ended December 31, 2018 and 2017 follows. Prepare cash flow statement using the indirect method. Properly title the statement.

2018 2017
Net income $142,500 $162,000
Depreciation Expense 42,000 35,000
Purchase of Plant Assets 135,000 125,000
Disposal of Plant Assets 40,000 50,000
Gain (Loss) on Disposal of Plant Assets (10,000) 5,000
Accounts Receivable Balance 64,500 58,000
Accounts Payable Balance 42,000 39,000
Interest Expense8,0006,000

 
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