Question: Can you help me answer this question please? The following information is taken from Gower Corporation's financial statements: December 31 2018 2017 Cash$ 205,000$50,000 Accounts

Can you help me answer this question please?

The following information is taken from Gower Corporation's financial statements:

December 31

20182017

Cash$ 205,000$50,000

Accounts receivable105,00080,000

Allowance for doubtful accounts(8,000)(5,000)

Inventory155,000165,000

Land60,000100,000

Buildings290,000200,000

Accumulated depreciation(80,000)(55,000)

Patents (net of amortization)15,00035,000

$742,000$570,000

Accounts payable$95,000$80,000

Accrued liabilities52,00060,000

Bonds payable125,00060,000

Common stock100,000100,000

Retained earnings400,000280,000

Treasury stock, at cost(30,000)(10,000)

$742,000$570,000

2018

Net income$150,000

Depreciation expense25,000

Amortization of patents7,000

Cash dividends declared and paid30,000

Gain on sale of patents2,000

Instructions:

Create the statement of cash flows for Gower Corporation for 2018 using theindirect methodfor the operating activities section.

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