Additional Information:

1. Net Income for 2019 was $ 43,200

2. The depreciation expense for 2019 is $4,400.

3. Cash dividends of $18,200 were declared and paid.

4. Bonds Payable amounting to $20,000 were redeemed for cash of $20,000.

5. An Equipment costing $ 30,500 was purchased by issuing $ 30,500 Common Stock.

6. An Equipment costing $15,000 and had accumulated depreciation of $ 2,700 was sold for 13,500 cash.

7. Building costing $37,800 was purchased for cash

8. The land was sold for $ 13,000 cash.

Prepare the cash flow statement for XYZ Company for 2019.

XYZ Corporation Comparative Balance Sheet December 31,2019 2019 2018 Assets Cash Accounts Receivable Inventory Land Equipment Accumulated Depreciation - Equipment Building Total 70,000 20,300 30,000 80,000 25,500 (4,700) 58,000 279,100 20,000 24,500 50,000 95,000 10,000 (3,000) 20,200 216,700 $ $ $ $ Liabilities and Stockholder Equity Accounts Payable Salaries Payable Bonds Payable Common Stock Retained Earnings Total 35,000 3,600 10,000 80,500 150,000 279,100 10,000 1,700 30,000 50,000 125,000 216,700 $ $