Below are the comparative statements of financial position for Lowenstein Corporation.

Dividends in the amount of $10,000 were declared and paid in 2019.
Instructions
From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The equity investments are considered trading, and no unrealized gains or losses have occurred on these securities.

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Dec. 31, 2019 Dec. 31, 2018 $ 50,000 $ 50,000 Land Buildings 125,000 78,500 Accumulated depreciation-buildings (30,000) (23,000) Equipment 53,000 46,000 Accumulated depreciation-equipment (19,000) (15,500) 39,000 39,000 Delivery equipment Accumulated depreciation-delivery equipment (22,000) (20,500) -0- Patents 15,000 Inventory 81,500 57,000 Prepaid expenses 4,200 2,500 Accounts receivable 45,000 43,000 Allowance for doubtful accounts (1,800) (2,000) Equity investments 25,000 19,000 16,500 24,000 Cash $379,400 $300,000 Share capital-ordinary $140,000 $102,000 Share premium-ordinary 10,000 4,000 Retained earnings 73,400 51,500 73,000 Mortgage payable 53,400 Bonds payable 50,000 62,500 Accounts payable 26,000 16,000 Short-term notes payable (trade) 6,000 4,000 Accrued payables 3,000 4,600 $379,400 $300,000