B. McBride Inc.				B. McBride Inc.
Income Statement				Comparative Balance Sheets
For years ended December 31, 2017 and 2018				December 31, 2018 and 2017
					2018	2017	Change
	2018	2017		Current assets:
Sales (all on credit)	$644,000	$612,000		Cash	$119,890	$78,700	$41,190
Cost of goods sold	(351,000)	(288,000)		Accounts receivable (net)	34,000	28,000	6,000
Gross margin	293,000	324,000		Inventory	53,000	50,000	3,000
				Prepaid expenses	1,700	3,700	-2,000
Depreciation expense	36,000	51,000		Other current assets	2,360	3,600	-1,240
Other operating expenses	138,000	115,000		Total current assets	210,950	164,000	46,950
Total operating expenses	174,000	166,000
Operating income	119,000	158,000		Long-term Investments	75,000	52,000	23,000
Other income (expenses)				Plant assets	302,000	253,000	49,000
Interest expense	(5,300)	(3,900)		Less: accumulated depreciation	(76,800)	(51,000)	25,800
Gain on sale of investments	6,500	4,600		Total plant assets	225,200	202,000	23,200
Loss on sale of plant assets	(3,700)	(4,400)		Total assets	511,150	418,000	93,150
Total other income (expenses)	(15,500)	(3,700)
				Current liabilities:
Income before income taxes	116,500	154,300		Accounts payable	$33,300	$34,000	$-700
Income taxes expense	(34,950)	(46,290)		Accrued liabilities	3,600	3,000	600
Net income	$81,550	$108,010		Income taxes payable	2,700	10,000	-7,300
				Total current liabilities	39,600	47,000	-7,400
B. McBride Inc.				Long term liabilities:
Statement of Retained Earnings				Notes Payable	263,000	195,000	68,000
For the year ended December 31, 2018				Total liabilities	302,600	242,000	60,600
	2018	2017
Ret. earnings, Jan. 1	$26,000	$0		Stockholders' equity
Add: net income	81,550	108,010		Common stock, $5 par value	120,000	120,000	0
Deduct: Dividends	(49,000)	(82,010)		Additional paid-in capital	30,000	30,000	0
Increase in retained earnings	32,550	26,000		Retained earnings	58,550	26,000	32,550
Ret. earnings, Dec. 31	$58,550	$26,000		Total stockholders equity	208,550	176,000	32,550
				Total liabilities and stockholders equity	$511,150	$418,000	$93,150
Other information:
Shares of common stock outstanding	24,000	24,000
Earnings per share	$3.4	$4.5
Dividends per share	$2.04	$3.42
Market price per share, common stock	$15	$12

Prepare the cash flows from operations section of B. McBride Inc.'s 2018 statement of cash flows using the indirect method. Enter items to be subtracted as negative values.