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

Accounting

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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

Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method.