2019 2018 $ Assets Current Assets: Cash Accounts receivable Inventory Prepaid insurance Total Current Assets Land, buildings, & equipment Accumulated depreciation Land, buildings, & equipment, net 80,386 80,000 180,500 1,500 342,386 1,250,000 (610,000) 640,000 25,966 68,250 230,000 2,000 326,216 1,125,000 (572,000) 553,000 Total Assets $ 982,386 $ 879,216 Liabilities Current Liabilities: $ $ Accounts payable Salaries payable Notes payable (current) Total Current Liabilities Long-Term Liabilities: Bonds payable Shareholders' Equity 76,340 20,000 25,000 121,340 148,670 24,500 75,000 248,170 200,000 121,340 248,170 200,000 Total Current Liabilities Long-Term Liabilities: Bonds payable Shareholders' Equity Common stock Retained earnings Total Shareholders' Equity 300,000 361,046 661,046 300,000 331,046 631,046 Total liabilities and shareholders' equity $ 982,386 $ 879,216 Additional information for 2019: Net income was $50,000. Issued 6% bonds payable at face value, $200,000. Purchased new equipment for $145,000 cash. Paid cash dividends of $20,000. Equipment costing $20,000 with a book value of $5,000 was sold for $6,000. Required: Prepare a statement of cash flows for 2019 in good form using the indirect method