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1. (8 points) Presented below is a condensed version of the comparative balance sheets for Ravensclaw Corporation for the last two years at December 31.
1. (8 points) Presented below is a condensed version of the comparative balance sheets for Ravensclaw Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated Depreciation Equipment Current liabilities Common stock Retained earnings 2019 $ 230,100 234,000 67,600 387,400 (137,800 174,200 208,000 399,100 2018 $ 101,400 240,500 96,200 312,000 (115,700) 196,300 208,000 230,100 Additional information: Investments were sold at a loss of $13,000; no equipment was sold; cash dividends paid were $39,000; and net income was $208,000. Required: Create a Statement of Cash Flows for 2019
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