Comparative balance sheets for Marigold Corp. are presented as follows. Marigold Corp. Comparative Balance Sheets December 31 Assets 2019 2018 Cash $73,500 $22,200 Accounts receivable 85,400 76,250 Inventory 179,750 188,950 Land 74,200 101,700 249,400 200,500 (66,550) (42,000) Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity $595,700 $547,600 $33,700 $47,950 149,000 201,000 Accounts payable Bonds payable Common stock ($1 par) Retained earnings 213,800 163,100 199,200 135,550 Total $595,700 $547,600 Additional information: 1. 2. 3 4 5. 6 7. Net income for 2019 was $134,800. Cash dividends of $71,150 were declared and paid. Bonds payable amounting to $52,000 were redeemed for cash $52,000. Common stock was issued for $50,700 cash. Depreciation expense was $24,550. Sales revenue for the year were $976,500. Land was sold at cost, and equipment was purchased for cash. Prepare the following worksheet for a statement of cash flows for 2019 using the indirect method. Enter the reconciling items directly on the worksheet (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15, Marigold Corp. Worksheet Statement of Cash Flows Reconciling Items Balance 12/31/18 Debit Credit Balance Sheet Accounts Debits Cash Accounts receivable Inventory Land Equipment Total Credits Accumulated depreciation-equipment Accounts payable Bonds payable Common stock Retained earnings Total Statement of Cash Flow Effects Totals Totals