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Create the statement of cash flows for alpha company

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Reference no: EM132527995

The following information is related to Alpha Company's fiscal year 2017.

Income Statement:

Net Income                               $300,000

Depreciation Expense                    50,000

Gain on Sale of Plant Assets            10,000

Interest Expense                               500

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payable                         ($4,000)

Plant Assets - Purchased                250,000

Plant Assets - Disposals              (100,000)

Additional Information:

Cash Balance - 12/31/2016:                                                                   $50,000

Common Stock exchanged for outstanding Long Term Notes Payable of           $125,000

Dividends paid were                                                                                  $25,000

Question 1: How would you use this information to create the Statement of Cash Flows for Alpha Company using the indirect method?

Reference no: EM132527995

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