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Assets Cash Accounts receivable Inventory 2019 S 63,000 85,000 170,000 75,000 270,000 2018 S 22,000 76,000 189,000 100,000 200,000 (32,000) an Equipment Accumulated depreciation- equipment(66,000)

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Assets Cash Accounts receivable Inventory 2019 S 63,000 85,000 170,000 75,000 270,000 2018 S 22,000 76,000 189,000 100,000 200,000 (32,000) an Equipment Accumulated depreciation- equipment(66,000) Total $597,000 $555,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock (S1 par) Retained earnings S 39,000 150,000 216,000 192,000 $597,000 S 47,000 200,000 174,000 134,000 $555,000 Total Additional information: 1. Net income for 2019 was $93,000. 2. Cash dividends of $35,000 were declared and paid 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2019, but land was sold at cost. Instructions Prepare a statement of cash flows for 2019 using the indirect method

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