Question: Question 1 (10 points) Use the following excerpts from Wickham Company's financial information to prepare a statement of cash flows (indirect method) for the year

 Question 1 (10 points) Use the following excerpts from Wickham Company's
financial information to prepare a statement of cash flows (indirect method) for

Question 1 (10 points) Use the following excerpts from Wickham Company's financial information to prepare a statement of cash flows (indirect method) for the year 2018. \begin{tabular}{|lrr|} \hline & Dec. 31,2018 & Dec. 31,2017 \\ Cash & $225,000 & $200,000 \\ Account Receivable & 38,350 & 35,350 \\ Merchandise Inventory & 59,500 & 58,200 \\ Land & 150,000 & 50,000 \\ Plant Assets & 160,000 & 160,000 \\ Accumulated Depreciation & (49,000) & (37,000) \\ Total Assets & 583,850 & 466,550 \\ & & 27,300 \\ Accounts Payable & 29,100 & 12,000 \\ Accrued Liabilities & 15,500 & 20,000 \\ Common Stock & 45,000 & 407,250 \\ Retained Earnings & 494,250 & 466,550 \\ Total Liabilities and Equity & 583,850 & \\ Additional information: & & \\ Net income for 2018 & 12,000 & \\ Depreciation expense for 2018 & 100,000 & \\ Land purchased, for cash & 25,000 & \\ Stock issued in exchange for cash, at par value & 11,000 & \\ Dividends declared and paid & & \end{tabular}

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