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Use the following excerpts from Yardley Company's financial information Dec. 31, 2018 Dec. 31, 2017 Cash $251,100 Accounts Receivable 38,350 Merchandise Inventory $227,000 35,350 59,200 60,000 60,400 Land Plant Assets 160,000 160,000 (49,000) Accumulated Depreciation 160,000 (37,000) Total Assets $620,850 $504,550 Accounts Payable $29,100 $27,300 Accured Liabilities 15,500 12,000 20,000 Common Stock Retained Earnings 45,000 531,250 $620,850 445,250 Total Liabilities and Equity $504,550 Additional Information: Net Income for 2018 $98,000 Depreciation Expense for 2018 12,000 Land Purchased, for Cash 100,000 Stock Issued in Exchange for Cash, At Pat Value 25,000 Dividend Declared and Paid 12,000 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 payments Vardiau Cam Check My Work HW Assignment - Chapter 16.2 Print Item Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus s Yardley Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Depreciation Expense Accounts Receivable Merchandise Inventory Accounts Payable Accrued Liabilities Net Cash Flow from Operating Activities Cash Flow from Investing Activities: Purchase of Land Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Proceeds from Stock Issuance Payment of Dividends Net Cash Flow from Financing Activities Total Cash Flow Increase Cash Balance, December 31, 2017 Cash Balance December 31, 2018 Check My Work

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