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The 2016 comparative balance sheet and income statement of Allentown Group, Inc. follow. Allentown disposed of a plant asset at book value during 2016. Prepare the spreadsheet for the 2016 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 $12, 200. 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. The 2016 comparative balance sheet and income statement of Allentown Group, Inc. follow. Allentown disposed of a plant asset at book value during 2016. Prepare the spreadsheet for the 2016 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 $12, 200. 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