01. 2018 $17.700 22.300 16,000 70,000 (10,000) $116.000 $11,100 30,000 45,000 29.900 $116.000 Meghna corporation Comparative Balance Sheets December 31 2019 Cash $ 10,200 Accounts receivable 25,200 Investments 25,000 Equipment 60,000 Accumulated depreciation (14.000) Total $106.400 Accounts payable $ 14,600 Bonds payable Common stock 50.000 Retained earings 31.800 Total $106.400 Meghna Corporation Income Statement For the year ended December 31, 2019 Net Sales 500,000 Cost Of Goods Sold (250,000) Gross Profit 250,000 Operating Expenses (170,000) 10,000 Income From Operations Interest Expense Income Before Income Taxes Income Tax Expense Net Income 80,000 (53,000) 27.000 (11.700) 15,300 Additional information: 1. Net income was $15,300. Dividends declared and paid were $13,400 2 Equipment which cost $10,000 and had accumulated depreciation of $2,200 was sold for $3,800 3. All other changes in noncurrent account balances had a direct effect on cash flows. except the change in accumulated depreciation 1. Prepare a statement of cash flows for 2019 using the indirect method (15)