Denny Inc., a privately held home renovation company that reports under ASPE, provided the following excerpt of its financial information for its December 31, 2019, year end:

Prepare statemnt of Cash flow year end dec 31 2019

Cash Accounts receivable Inventory Prepaid expenses Property, plant, and equipment, net Accounts payable Common shares Retained earnings Net income Depreciation expense Gain on sale of property 2019 $375,000 85,000 80,000 48,000 375,000 33,000 825,000 105,000 50,000 2,000 1,500 2018 $250,000 75,000 120,000 10,000 380,000 20,000 755,000 60,000