Reference no: EM132478545

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: Using this information how would make a Statement of Cash Flows for Alpha Company using the indirect method.