The Lowe Company's income statement and comparative balance sheets as of December 31 of 2019 and 2018 are presented below:

During the year, Lowe Company sold equipment for \(\$ 27,000\) cash that originally cost \(\$ 57,000\) and had \(\$ 46,000\) accumulated depreciation. New equipment was purchased for cash. Bonds payable and common stock were issued for cash. Cash dividends of \(\$ 28,000\) were declared and paid. At the end of the year, shares of treasury stock were purchased for cash. Accounts payable relate to merchandise purchases.

Required

a. Compute the change in cash that occurred during 2019.

b. Prepare a statement of cash flows using the indirect method.

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Sales revenue.. Cost of goods sold Wages expense. Depreciation expense. Insurance expense.. Interest expense.. Income tax expense. Gain on sale of equipment. Net income.... LOWE COMPANY Income Statement For the Year Ended December 31, 2019 $490,000 207,000 62,000 17,000 12,000 57,000 (16,000) $925,000 829,000 $ 96,000