2018 2017 Net income $142, 500 $162 , 000 Depreciation Expense* 42, 000 35, 000 Purchase of Plant Assets 135, 000 125, 000 Disposal of Plant Assets

Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows. Develop a Cash flow statement using the indirect method. Properly title the statement.

20182017Net income$142, 500$162 , 000Depreciation Expense*42, 00035, 000Purchase of Plant Assets135, 000125, 000Disposal of Plant Assets40, 00050 , 000Gain ( Loss ) on Disposal of Plant Assets( 10, 000 )5 , 000Accounts Receivable Balance64 , 50058 , 000Accounts Payable Balance42 , 00039, 000Interest Expense8 , 0006, 000Income Taxes Paid35, 00028 , 000Dividends Paid30 , 00025, 000Common Stock Issued for Cash20 , 000O