Husky Company’s 2019 income statement and comparative balance sheets as of December 31 of 2019 and 2018 are shown below:

Cash dividends of \($58,000\) were declared and paid during 2019. Plant assets were purchased for cash, and bonds payable were issued for cash. Accounts payable relate to merchandise purchases. Required Prepare a 2019 statement of cash flows for the Husky Company using the indirect method.

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Sales revenue. Cost of goods sold Wages expense.. Insurance expense. Depreciation expense. Interest expense.. Income tax expense Net income. HUSKY COMPANY Income Statement For Year Ended December 31, 2019 $1,270,000 $860,000 172,000 16,000 34,000 18,000 58,000 1,158,000 $ 112,000