Income Statement $\backslash$& Retained Earnings Information For the Year Ended December $31,2028$

Additional information:

During the year, $\backslash (\backslash$$ $70\backslash )$ of common stock was issued in exchange for plant assets. No plant assets were sold in $2028.$

Prepare a statement of cash flows using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.\backslash ((15,000)\backslash ).)$

Cash Flows from Operating Activitles

Adjustments to reconcile net income to

Net Cash Provided by Operating Activities :

Depreciation Expense $\backslash$$

Gain on Sale of Investments

Increase in Accounts Receivable

Decrease in Inventory

Increase in Accounts Payable

Decrease in Accrued Liabilities

Net Cash Provided by Operating Activities

Fach Finue from Imuectino Arthultioe

Sale of Investments

Purchase of Plant Assets

Net Cash Provided by Investing Activities

Cash Flows from Financing Activities

Redemption of Bonds Payable

Issuance of Capital Stock

Payment of Cash Dividends

Net Cash Used by Financing Activities

$$

Cash, January $1,2028$

Cash, December $31,2028$