9. Prepare a statement of cash flows for an International Company. Comparative balance Sheets for International Company are presented below. INTERNATIONAL COMPANY Comparative Balance Sheets For the Year Ended December 31, 2018 Assets Cash Accounts receivable Inventory Land Equipment Total 2017 $20,000 100,000 160,000 70,000 300,000 $640,000 2018 $20,000 75,000 170,000 90,000 220,000 $535,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common Stock ($1 par) Retained earnings Total $40,000 150,000 250,000 200,000 $640,000 $50,000 220,000 150,000 115,000 $535,000 Additional information: 1. Net income for 2017 was $5000. 2. Cash dividends of $90,000 were declared and paid. 3. Depreciation expense was $30,000. 4. Sales for the year were $978,000