• A comparative statement of financial position for Orozco AG is presented below. December 31 Assets 2019 2018 Land € 71,000 €110,000 Equipment 270,000 200,000 Accumulated depreciation equipment (69,000) (42,000) Inventory 180,000 189,000 Accounts receivable 82,000 66,000 Cash 63,000 22.000 Total €597,000 €545,000 Equity and Liabilities Share capital-ordinary (€1 par) €214.000 €164,000 Retained earnings 199,000 134,000 Bonds payable 150,000 200,000 Accounts payable 34.000 47.000 Total €597,000 €545,000 Additional information: 1. Net income for 2019 was €105,000. 2. Cash dividends of £40,000 were declared and paid. 3. Bonds payable amounting to €50,000 were retired through issuance of ordinary shares. Instructions Prepare a statement of cash flows for 2019 for Orozco AG.