2019 2018 Cash $63,000 $42,000 Accounts receivable (net) $151,200 $84,000 Inventory $201,600 $168,000 Land $21,000 $58,800 Equipment $789,600 $504,000 Accumulated depreciation ($115,600) ($84,000) $1,110,800 $772,800 $86,000 $50,400 $29,400 $67,200 $302,400 $168,000 $487,200 $420,000 $205.800 $67.200 $1,110,800 $772,800 TOTAL Accounts payable Notes payable- current Notes payable-non-current Common stock Retained earnings TOTAL Additional info for 2019 1) Net income was $235,200 2) Depreciation Expense was recorded 3tand was sold at its originalcostNo other assets were sold- 4) Cash dividends were paid 5) Equipment was purchased for cash REQUIRED: Al Prepared a formal Statement of Cash Flows for 2019