4. Prepare a statement of cash flows (2019) for Endicott & Thurston using the indirect method. In addition, briefly explain the financial status of the company according with the cash flow statement. Balance Sheet Cash Accounts receivable Prepaid rent Property, plant and equipment (PPE) Accumulated depreciation Net PPE Long term investments Total assets Accounts payable Salaries payable Long-term note payable Total liabilities Common Stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2019 $ 37,000 78,000 29,000 818,000 (366,000) 452,000 86,000 682,000 56,000 89,000 220,000 365,000 225,000 92,000 317,000 682,000 2018 $ 47,000 189,000 104,000 685,000 (512,000) 173,000 40,000 553,000 58,000 105,000 105,000 268,000 225,000 60,000 285,000 553,000 Supplementary notes information: Net Income for 2019 was $ 70,000. Depreciation expense for 2019 was $ 42,000. PPE sold during 2019 for cash amounted $ 38,000, with a loss of $ 2,000. The company did not report any other gain or loss on disposals. New PPE was purchased for cash at $ 361,000. Investments were acquired for cash at $ 46,000. No disposal of investments took place during the year. A $ 25,000 principal payment on the long-term note was made during 2019. New notes payable was signed and cashed for $ 140,000. Dividends paid during 2019 were $ 38,000