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 $30,000
use this information to prepare the statement of cash flows for alpha company using the indirect method.