December 31 2019 2018 Cash $121,200 $27,000 Accounts receivable 80,000 92,000 Allowance for doubtful accounts (3,100) (4.500) Inventory 155,000 175,000 Prepaid expenses 7.500 6,800 Land 90,000 60,000 Buildings 287,000 244,000 Accumulated depreciation (42,000) (13,000) Patents 20,000 35.000 $715.000 1622.300 Accounts payable $90,000 $ 84,000 Accrued liabilities 54,000 63,000 Bonds payable 125,000 60,000 Share capital-ordinary 100,000 100,000 Retained earnings-appropriated 90,600 20,600 Retained earnings-unappropriated 271,000 302,700 Treasury shares, at cost (25.000) (8,000) $715.000 5622.300 Net income Depreciation expense Amortization of patents Cash dividends declared and paid Gain or loss on sale of patents For 2019 Year $58,300 29.000 5.000 20,000 none Instructions Prepare a statement of cash floves for French Corporation for the year 2019