Better Boat Company's comparative balance sheet and additional data are shown below. (Click the icon to view the comparative balance sheet.) Requirement i (Click the icon to view the additional data.) Prepare the statement of cash flows for the year ended December 31, 2019, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Statement of Cash Flows Year Ended December 31, 2019 Cash Flows From Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense Amortization Expense Decrease in Accounts Receivable Increase in Merchandise Inventory Decrease in Office Supplies Decrease in Prepaid Rent Increase in Merchandise Inventory Decrease in Office Supplies Decrease in Prepaid Rent Increase in Short-term Investments Increase in Accounts Payable Increase in Utilities Payable Increase in Telephone Payable Increase in Wages Payable Increase in Interest Payable Increase in Unearned Revenue Net Cash Provided by (Used for) Operating Activities Current Assets: Cash Better Boat Company Comparative Balance Sheet December 31, 2019 and 2018 Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent Droperty Plant and Equinmont Assets 2019 2018 $ 1,905,170 $ 17,560 25,000 0 3,100 7,400 1,300 0 110 500 0 3,800 Property, Plant, and Equipment: Land Building 685,000 85,000 787,000 187,000 12,000 12,000 160,000 0 (41,320) (1,180) S 3,537,360 $ 312,080 Liabilities Canoes Office Furniture and Equipment Accumulated Depreciation-PP&E Total Assets Current Liabilities: Accounts Payable Utilities Payable Telephone Payable S 6,330 $ 3,780 780 280 530 330 Telephone Payable 530 330 Wages Payable 4,400 1,600 Notes Payable 24,000 0 Interest Payable 430 80 Unearned Revenue 450 150 Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable Total Liabilities Stockholders' Cavity 6,720 6,720 450,000 0 800,000 0 (3,420) 0 1,290,220 12,940 Stockholders' Equity Paid-In Capital: Preferred Stock 400,000 0 Paid-In Capital in Excess of Par-Preferred 200,000 0 Common Stock 457,000 297,000 Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 3,537,360 $ 312,080 800,000 0 390,140 2,140 2,247,140 299,140 Cash Flows From Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, Dec. 31, 2018 Cash Balance, Dec. 31, 2019