12/31/05 12/31/04 Cash 20.000 50,000 Accounts Receivable 50.000 35,000 Inventory 50.000 94,000 Equipment 250,000 200,000 Accumulated Depreciation 25,000 20,000 Land 100,000 Accounts Payable 40,000 80,000 Wages Payable 15,000 9,000 Taxes Payable 10.000 30,000 Long-Term Note Payable 90,000 100,000 Common Stock (51 each)] 110,000 50,000 Retained Earnings 180,000 110,000 Sales 1.000,000 Cost of Goods Sold 600,000 Wage Expense 210,000 Rent Expense 48,000 Office Expenses 19.000 Depreciation Expense 18.000 Interest Expense 10,000 Income Tax Expense 20,000 Gain on Sale of Equipment 5,000 The land was acquired on April 1, 2005 by exchanging 50,000 shares of common stock worth $50,000 and cash for the balance of the purchase price. The additional common stock (other than that issued for the purchase of the land) was sold on October 1st for $1 per share. The company sold a piece of equipment during the year that cost $20, 000 and had accumulated depreciation of $13, 000 for a gain of $5,000. The retained earnings balance for both years is after all closing entries have been made. During 2005, the 2004 taxes payable were paid and If of the 2005 taxes were paid. The company's tax rate is 20% The market price per share at Dec 31, 2005 was $50. The Note Payable requires payments of $10,000 principal plus interest at 1096 on December 31- of each year of each year. Prepare, in good form, a statement of cash flow for 2005 (100 points)