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Use the following excerpts from Zowleski Companys financial information.

	Dec. 31, 2018		Dec. 31, 2017
Cash	$102,800		$95,000
Accounts Receivable	21,800		22,700
Merchandise Inventory	140,000		131,000
Plant Assets	190,000		155,000
Accumulated Depreciation	(25,000)		(21,000)
Total Assets	$429,600		$382,700
Accounts Payable	$19,000		$21,000
Notes Payable	140,500		120,000
Common Stock	20,000		20,000
Retained Earnings	250,100		221,700
Total Liabilities and Equity	$429,600		$382,700
Additional Information:
Net Income for 2018	$28,400
Depreciation Expense for 2018 (Accumulated Depreciation Increase)	4,000
Plant Assets Purchased (Plant Assets Increase), Finance by Note	35,000
Notes Payable Increased by Amount of Plant Assets Purchase	35,000
Notes Payable Decreased by Amount of Principal Note Payments	14,500

28,400 4,000 900 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 Change Merchandise Inventory Change -9,000 Accounts Payable Change -2,000 Net Cash Flow from Operating Activities Cash Flow from Financing Activities: Payment of Notes Payable (principal) 14,500 x Net Cash Flow from Financing Activities Total Cash Flow Increase Cash Balance, December 31, 2017 -6,100 22,300 14,500 x $ 14,500 x 95,000 Cash Balance, December 2018 102,800 Noncash Investing and Financing Activities: Plant Assets Acquired in Exchange for Notes Payable 7,800 X

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