A Rea Cash Receivables Merchandise Inventory Property, Plant, Equipment Accumulated Depreciation Long-term investment 2019 2018 $ 148,200 $ 76,800 29,400 30,400 33,400 35,200 230,400 190,400 64,000 52,800 6,000 $383,400 $ 280,000 43,600 62,400 11,200 6,400 97,600 40,000 49,600 8,000 181,400 163,200 $383,400 $ 280,000 Accounts Payable Accrued liabilities Long-term notes payable Common shares Retained earnings Sunshine Inc. Income statement For year ended December 31, 2019 Sales $627,200 Operating Expenses Cost of goods sold $ 383,200 Other expenses 155,200 Depreciation expense 25,600 Total Operating expenses 564,000 Operating Income 63,200 Gain on sale of plant assets 5,000 Profit $ 68,200 NOTES: 1. Paid dividends of during the year. 2. The $5,000 gain on sale of plant assets came from an asset sale with an original cost of $59,200 and accumulated depreciation of 14,400. 3. Plant assets worth $99,200 were purchased during the year by paying cash of $32,000 and issuing a long-term note for the balance. 4. Additional shares were issued for cash. 5. Long term debt was reduced by $9,600. 6. Cash of $6,000 was placed into a long term investment. REQUIRED: Prepare a statement of cash flows using the indirect method for the year ended Dec 312019