2019 77,375 2018 $ 22,955 Cash Available-for-sale securities (not cash equivalents) Accounts receivable Inventory Prepaid insurance Land, buildings, and equipment Accumulated depreciation Total assets 15,500 80,000 165,000 1,500 1,250,000 (610,000) S 979,375 85,000 68,250 145,000 2,000 1,125,000 (572,000) $ 876,205 $ 148,670 24,500 75,000 Accounts payable Salaries payable Notes payable (current) Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity 76,340 20,000 25,000 200,000 300,000 358,035 S 979,375 300,000 328,035 $_876,205 Additional information for 2019: (1.) Sold available-for-sale securities costing $69,500 for $74,000. Equipment costing $20,000 with a book value of $5,000 was sold for $6,000. Issued 6% bonds payable at face value, $200,000. Purchased new equipment for $145,000 cash. Paid cash dividends of $20,000. (6.) Net income was $50,000. Instructions 1. Prepare a statement of cash flows for 2019 in good form using the indirect method for cash flows from operating activities. Ignore tax effects. 2. What is free cash What are the advantages of using the statement of cash flows for businesses Assume that TYL has Net income of $52.000, and net cash provided by operating activities of $11,000 in the prior year. Prepare a memo that summarizes your interpretations of TYL financial performance 5. Use the analysis of TYL Company to illustrate how information in the balance sheet and the statement of cash flows helps the users of the financial statements