Cash flow statement needed (see attached).

The following information relates to the Hathaway Electronics Limited (HEL) for fiscal year 2019. During 2019, the company sold two pieces of old equipment. One piece of equipment with an original cost of $90,000 and accumulated amortization of $30,000 was sold for $20,000. A second piece of equipment with an original cost of $70,000 and a net book value of $15,000 was sold at a gain of $20,000. No other plant, property or equipment was sold during 2019. Balance Sheets Dec. 31, 2018 Dec. 31, 2019 Cash and cash equivalents $140.000 $35,000 Accounts receivable (net) 350.000 420,000 Inventory 170.000 105,000 Prepaid expenses 95.000 70,000 Plant, property and equipment (PP&E) 535.000 940,000 Accumulated amortization (PP&E) (290,000) (345,000) Intangible assets (net of amortization) 90,000 60,000 Goodwill 410,000 395,000 Total Assets $1,500,000 $1,680,000 Accounts payable 75.000 135,000 Accrued expenses 110.000 80,000 Taxes payable 40,000 30,000 Future income taxes (liability) 70.000 110,000 Bank loan (long-term) 350.000 270,000 Common stock 620,000 705,000 Retained earnings 235.000 350 000 Total Liabilities & Shareholders' Equity $1,500,000 $1,680,000 Income Statement For the year ended December 31, 2019 Revenue $1,175,000 Expenses: Cost of goods sold $555,000 Operating expenses 110,000 Amortization expenses 170,000 Impairment of goodwill 15,000 Interest expense 30,000 Loss on sale of equipment 40,000 Gain on sale of equipment (20,000) Income tax expense 50,000 950,000 Net income after tax $225,000 Required: Prepare a cash flow statement for 2019