change Gordon Corporation Comparative Balance Sheet 12/31/2018 12/31/2017 Assets Cash $34,000 $29,000 Account receivable 35.000 28,000 Inventory 41.000 38,000 Land 12,000 22,000 Property and Equipment 121,000 100,000 Less: Accumulated depreciation_(30,000) (25.000) Total assets $213.000 $192.000 Liabilities and Stockholders' equity Account payable $36,000 Accrued liabilities 1,200 Long-term note payable 38.000 Contributed capital 88.600 Retained earnings 49.200 Total liabilities and $213.000 stockholders' equity $27,000 1,400 44,000 72,600 47.000 $192.000 Gordon Corporation Income Statement For the year ended December 31,2018 Sales $122,000 Expenses Cost of goods sold 70,000 Depreciation expenses 5.000 Other expenses 32,800 107.800 Net income $14.200 Additional information: 1. Land was sold during 2018 at $10,000 2. An equipment is purchased at $21,000 during 2018. 3. Company paid off $6,000 of notes payable during 2018. 4. Company also issued $16,000 of common stocks during 2018. Cash dividends are paid during 2018, Prepare the statement of cash flows using the INDIRECT Method. Gordon Corporation Cash flow StatementYear End December 31,2018 Statement of Cash Flow Cash flows from Operating Activities: Add: Deduct: Net cash provided by operating activities Cash flows from Investing Activities: Net cash provided by investing activities Cash flow from Financing Activities: Net cash provided by financing activities Net increase in cash and cash Cash and Cash Equivalents, Jan 1 Cash and Cash Equivalents, Dec 1