Question: Help Review View Editing I U or A to : EE v Avlor LO 16.4Use the following excerpts from Stern Company's financial information to
Help Review View Editing " I U or A to : EE v Avlor LO 16.4Use the following excerpts from Stern Company's financial information to prepare a statement of cash flows (indirect method) for the year 2018. Dec. 31. 2018 Dec. 31. 2017 Cash Account Receivable Merchandise Inventory Plant Assets Accumulated Depreciation Total Assets $121,000 37,200 120,000 304,000 (85,000) 497,200 $101.000 35,300 128,700 254,000 (64,000) 455,000 Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Equity 23,200 179,500 30,000 264,500 497,200 19,900 144,000 30,000 261,100 455,000 Additional information: Net income for 2018 Depreciation expense for 2018 (accumulated depreciation increase) Plant assets purchased (plant assets increase), financed by note Notes payable increased by amount of plant asset purchase Notes payable decreased by amount of principal note payments 3.400 21,000 50,000 50,000 14.500 PB10
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