The 2018 comparative balance sheet and income statement of Attleboro Group, Inc. follow. Attleboro disposed of a plant asset at book value in 2018.

Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $13,600. There were no sales of land, no retirement of common stock, and no treasury stock transactions.
Assume plant asset and land acquisitions were for cash.

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ATTLEBORO GROUP, INC. Income Statement Year Ended December 31, 2018 $ 441,000 Net Sales Revenue Cost of Goods Sold 205,400 Gross Profit 235,600 Operating Expenses: $ 76,300 Salaries Expense Depreciation Expense 15,300 49,600 Other Operating Expenses Total Operating Expenses 141,200 Operating Income 94,400 Other Income and (Expenses): Interest Revenue 11,500 Interest Expense Total Other Income and (Expenses) (24,400) (12,900) Net Income Before Income Taxes 81,500 Income Tax Expense 16,200 $ 65,300 Net Income ATTLEBORO GROUP, INC. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: $ 14,000 $ 15,500 Cash Accounts Receivable 42,000 43,700 Merchandise Inventory 96,800 93,300 Long-term Assets: Land 36,400 11,000 Plant Assets 121,250 112,850 Accumulated Depreciation-Plant Assets (20,350) (18,650) $ 290,100 $ 257,700 Total Assets Liabilities Current Liabilities: $ 24,500 $ 26,000 Accounts Payable Accrued Liabilities 23,900 22,600 Long-term Liabilities: Notes Payable 56,000 69,000 117,600 Total Liabilities 104,400 Stockholders' Equity 129,500 Common Stock, no par 121,000 Retained Earnings 56,200 19,100 185,700 Total Stockholders' Equity 140,100 $ 290,100 $ 257,700 Total Liabilities and Stockholders' Equity