Selected financial information for the Adelphi Companyfor the fiscal years ended December 31, 2018 and 2017 follows.Prepare a cash flow statement using the indirect method. Properlytitle 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 Expense | 8,000 | 6,000 |
| Income Taxes Paid | 35,000 | 28,000 |
| Dividends Paid | 30,000 | 25,000 |
| Common Stock Issued for Cash | 20,000 | 0 |
