1. Prepare the 2019 statements below as follows: 1 - Income Statement, 2 - Statement of Retained Earnings, 3 Comparative Balance Sheet, and 4 Statement of Cash Flows using the Indirect Method. Use the pictures below. Treat the second picture as an extension of the first.

December 31, Account Title 2019 2018 Debit Credit Debit Credit Accounts Payable 35,500 31,300 Accounts Receivable 58,800 62,000 Accumulated Depreciation, Equipment 64,400 48,300 Allowance for Doubtful Accounts 2,100 2,000 Cash and Cash Equivalents 17,900 14,000 Common Stock, no-par 88,200 64,000 Cost of Goods Sold 185,100 175,845 Depreciation Expense 16,100 15,295 Dividends Equipment Income Tax Expense Insurance Expense Inventories 62,200 126,500 29,300 24,600 37,700 62,200 97,600 27,835 23,370 52,200 Land 69,100 22,100 52,000 38,000 50,100 1,700 47,595 3,900 23,000 35,095 Notes Payable Other Operating Expense Prepaid Insurance Retained Earnings Salary Expense Salary Payable Sales Revenue Unearned Revenue 76,900 76,055 21,100 30,000 438,000 22,800 756,000 416,100 24,100 679,995 Totals 756,000 679,995