Homework: Chapter 16 Calculator E Print Item Use the following excerpts from Zowleski Company's financial information. Dec. 31, 2018 Dec. 31, 2017 $90,000 Cash $99, 100 22,000 Accounts Receivable 22,900 131,000 Merchandise Inventory 138,000 185,000 Plant Assets Accumulated Depreciation 150,000 (21,000) (25,000) Total Assets $119,100 $372,900 Accounts Payable $18,500 $21,000 Notes Payable 140,500 120,000 Common Stock 20,000 20,000 Retained Earnings 240,100 211,900 Total Liabilities and Equity 5419,100 $372,900 Additional Information: Net Income for 2018 $28,200 Depreciation Expense for 2018 (Accumulated Depreciation Increase) Plant Assets Purchased (Plant Assets Increase), 4,000 FAN Check My Work Additional Information: $28,200 4,000 Net Income for 2018 Depreciation Expense for 2018 (Accumulated Depreciation Increase) Plant Assets Purchased (Plant Assets Increase), Finance by Note Notes Payable Increased by Amount of Plant Assets Purchase Notes Payable Decreased by Amount of Principal Note Payments 35,000 35,000 14,500 Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Zowleski Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Depreciation Accounts Receivable Change Merchandise Inventory Change Accounts Payable Change Ritsch Eldum notion Action Check My Work Previous Next Homework: Chapter 16 Calculator Print Item Statement Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Depreciation Accounts Receivable Change Merchandise Inventory Change Accounts Payable Change Net Cash Flow from Operating Activities Cash Flow from Financing Activities: Payment of Notes Payable Net Cash Flow from Financing Activities Total Cash Flow Increase Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 S Noncash Investing and Financing Activities: Plant Assets Acquired in Exchange for Notes Payable S Feedback