Assets: Cash Accounts receivable Inventory Investments - Long-term Equipment Accumulated depreciation Total Assets BARBOUR CORPORATION Comparative Balance Sheets December 31 2019 2018 $ 15,500 $ 5,500 17,000 10,000 32,400 33,000 12,000 6,000 68,000 70,000 (21,000) (15,000) $123.900 $109,500 Change 10,000 _7,000 600 6,000 2,000 6,000 Liabilities & Stockholders' Equity: Accounts payable Bonds payable - Long-term Total Liabilities Total Paid in Capital Retained earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity 11,000 $14,000 29,000 35,000 40,000 49,000 41.800 36,800 42.100 23,700 83,900 60,500 $123,900 $109,500 3,000 6,000 9,000 5,000 18,400 23,400 Additional information: 1. Net income for 2019 was $30,000. 2. Equipment which cost $6,000 and had accumulated depreciation of $2,000 was sold for $3,000. 3. Bonds were redeemed (purchased) at a loss of $2,000; no bonds were issued during 2019. 4. All other relevant changes directly impact cash flow. 5. Prepare a statement of cash flows for Barbour Corporation for 2019 using the indirect method. Assets: Cash Accounts receivable Inventory Investments - Long-term Equipment Accumulated depreciation Total Assets BARBOUR CORPORATION Comparative Balance Sheets December 31 2019 2018 $ 15,500 $ 5,500 17,000 10,000 32,400 33,000 12,000 6,000 68,000 70,000 (21,000) (15,000) $123.900 $109,500 Change 10,000 _7,000 600 6,000 2,000 6,000 Liabilities & Stockholders' Equity: Accounts payable Bonds payable - Long-term Total Liabilities Total Paid in Capital Retained earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 11,000 $14,000 _3,000 29,000 35,000 6,000 40,000 49,000 9,000 41,800 36,800 5,000 42.100 23,700 18,400 83,900 60,500 23,400 $123,900 $109,500 Additional information: 1. Net income for 2019 was $30,000. 2. Equipment which cost $6,000 and had accumulated depreciation of $2,000 was sold for $3,000. 3. Bonds were redeemed (purchased) at a loss of $2,000; no bonds were issued during 2019. 4. All other relevant changes directly impact cash flow