10) The following information is provided regarding Beaver's 2019 fiscal year Income State - 2019 1000 Sales Reve Dwud Rave Gainen Sale of Land Closed Depreciation Expense La Salle of Prelax in Net Income Balance Sheet-2019 2019 2018 278 223 Accu Rasvake ** Prepaid Insurance Land PPE ) Less: Accumulated Depreciation Total Assets LA Accounts Payable Wages Payable Income Tax Payable Net Puyable Comme Sack APIC tindaming Total Liabilities and Equity M allar 1) L. handswap 2) The w i nds Lawyers 1510) declared and paid qoyc e was a loss of r One piece of equipment was acquired with and December 31. No depreciation expenses ed for this T) Land was acquired for 35 million via cash 35 million shares of Sp e ck were issued for seach The weis 39% Prepare a full women of cash flow forever's 2019 using the indirect method 10 10) The following information is provided regarding Beaver's 2019 fiscal year: Income Statement - 2019 Revenues: Sales Revenue 1000 Dividend Revenue 15 Gain on Sale of Land 1025 Expenses: Cost of Goods Sold 720 Wage Expense Depreciation Expense Insurance Expense Interest Expense Loss on Sale of Equipment (1025) 240 25 Pre-tax Income Tax Expense Net Income Balance Sheet - 2019 2019 2018 Assets: Cash Accounts Receivable Inventory Prepaid Insurance Land PPE (Gross) Less: Accumulated Depreciation Total Assets 278 45 42 56 55 28 24 65 442 255 245 659626 Liabilities: Accounts Payable Wages Payable Income Tax Payable Net Bond Payable Equity: Common Stock APIC Retained Earnings 380 72 290 97 Total Liabilities and Equity 659 626 Additional Information: 1) On January 1, bonds with a $40 million par value (issued 15 years ago at a 10% discount) were retired 2) Throughout the year $25 million in dividends were declared and paid 3) Land that was purchased 5 years ago for $10 million was sold for $20 million 4) Short-term investments were purchased for $100 million and later sold for the same amount 5) Equipment that originally cost $60 million and was 50% depreciated was sold at a loss of $25 million on January 1 6) One piece of equipment was acquired with cash on December 31. No depreciation expense was recorded for this equipment 7) Land was acquired for $35 million via cash 8) 5 million shares of $1 par value common stock were issued for $10 each 9) The tax rate is 35% Prepare a full statement of cash flow for Beaver's fiscal 2019 using the indirect method