Check my work 7 A comparative balance sheet for Graco, Inc., on December 31, 2019 and 2018, follows. Additional Information about the firm's financial activities during 2019 is also given below. 25 ints eBook 2019 2018 $125,900 $ 73,500 131, 600 80,600 47,600 44,000 250,000 200,000 (39,000) (20,000) $516,100 $378,100 Print GRACO, INC. Comparative Balance Sheet December 31, 2019 and 2018 Assets Cash Accounts Receivable (Net) Merchandise Inventory Property, plant, and Equipment Lens: Necumulated Depreciation Total Asset Liabilities and Stockholders' Equity Liabilities Accounts Payable Bonds Payable Total Liabilities Stockholders' Equity Common Stock, ($1 par, 500,000 shares authorised, 60,000 mhares Issued in 2018 and 90,000 shares inued in 2019) Retained Earnings Total stockholders' Aquity Total Liabilities and stockholdero Iquity 55.000 77,000 160,000 110,000 $215,000 $107.000 References 80,000 221,100 $301,100 $516,100 60,000 131,100 $191,100 6370,100 Additional Information for the year follows. a. Had net income of $90,000, b. Recorded $19,000 in depreciation c. Issued bonds payable with a par value of $50,000 at par and received cash. d. Received $20,000 in cash for the issue of an additional 20,000 shares of $1 par value common stock e. Purchased equipment for $50,000 in cash. Required: Prepare a statement of cash flows for 2019. (Amounts to be deducted should be indicated with a minus sign.) GRACO, INC Ch 7 Required: Prepare a statement of cash flows for 2019. (Amounts to be deducted should be indicated with a minus sign.) 25 Sints GRACO, INC. Statement of Cash Flows Year Ended December 31, 2019 Cash flows from operating activities look Adjustments Print References Totat adjustments Cash flows from investing activities Cash flows from financing activities