Additional information: 1. Net income for 2019 was $103,100. 2. Cash dividends of $40,800 were declared and paid. 3. Bonds payable amounting to $52,700 were redeemed for cash $52,700. 4. Common stock was issued for $41,000 cash 5. No equipment was sold during 2019, but land was sold at cost Prepare a statement of cash flows for 2019 using the indirect method. (Show amounts that decrease cash f Kingbird, Inc. Statement of Cash Flows For the Year Ended December 31, 2019 Cash Flows from Operating Activities 103100 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Exercise 12-9 Your answer is partially correct. Try again Here are comparative balance sheets for Kingbird, In. Kingbird, Inc. Comparative Balance Sheets December 31 Assets 2019 2018 Cash $73,200 $32,900 Accounts receivable 85,600 70,900 Inventory 169,700 187,100 Land 73,000 101,700 Equipment 260,600 199,000 (65,600) (34,100) Accumulated depreciation-equipment $596,500 $557,500 Total Liabilities and Stockholders' Equity Accounts payable $46,800 35,200 Bonds payable 203,600 150,900 Common stock ($1 par) 216,500 175,500 Retained earnings 193,900 131,600 Total $596,500 $557,500 Additional information: Cash Flows from Financing Activities Redemption of Bonds Issuance of Common Stock Payment of Cash Dividends Cash Flows from Investing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period Open Show Work Click if you would like to Show Work for this