P14B-38A Using a spreadsheet to prepare the statement of cash flows-- indirect method 8 comparative balance sheet and income statement of Appleton Group, Inc. follow. Appleton disposed of a plant asset at book value during 2018 APPLETON GROUP INC. Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: $ 443,000 205,800 237,200 Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses $ 76,800 15,400 49,300 141,500 95,700 Operating Income Other Income and (Expenses) Interest Revenue Interest Expense Total Other Income and (Expenses) 11,600 (24,400) Net Income Before Income Taxes Income Tax Expense Net Income (12,800) 82,900 16,200 S 66,700