A motel has the following balance sheets at the end of each of its most recent two years. Balance Sheet Dec. 31, 2018 Dec 31, 2019 Assets Cash 55,800 ? Accounts Receivable 47,200 50,600 Inventory 6,100 15,500 Land 80,000 160,000 120,600 180,600 Building Accumulated Depreciation - Building (50,000) (70,000) Total Assets 259,700 337,000 Liabilities and Shareholder's Equity 36,700 12,800 Accounts Payable Bank Loan Payable 0 7,500 Long term mortgage on building 0 50,000 Common Stock 82,000 62,000 Retained Earnings 141,000 204,700 Total Liabilities and Shareholder's Equity 259,700 337,000 The company's income statement for the year shows: Sales Revenue 128,904,190 Operating Expenses 85% of Sales Net Income ? Dividends declared an paid were $154,000 for 2019. Required: Complete a statement of cash flows for 2019. Please take into consideration response feedback from professor before solving. Response Retained earnings is not used to calculate net income for this question. It is off by Feedback: a small amount, but it is still incorrect. Show transcribed image text