11. Dianes balance sheets as of December 31, 2018 and 2019 are presented below:

2018 2019

Cash $190,000 $246,000

Accounts receivable 125,000 63,000

Prepaid expenses 50,000 27,000

Property, plant, and equipment at cost 450,000 698,000

Accumulated depreciation (110,000) (154,000)

TOTAL ASSETS $705,000 $880,000

Accrued expenses payable $120,000 $100,000

Unearned revenues 45,000 10,000

Dividends payable 0 15,000

Long-term debt 200,000 150,000

Common stock 50,000 60,000

Additional paid-in-capital 250,000 380,000

Retained earnings 40,000 165,000

TOTAL LIABILITIES & SE $705,000 $880,000

SELECTED OTHER INFORMATION:

1. During 2019, Diane reported net income of $180,000.
2. During 2019, Diane both borrowed on a long-term basis and paid back some long-term debt. During 2019, Diane paid back $125,000.
3. During 2019. Diane both bought and sold some property, plant, and equipment (PP&E). A machine Diane sold during 2019 originally cost her $65,000. Diane sold the PP&E for $40,000 and reported a gain on the sale of $5,000.
4. During 2019, Diane issued additional common stock.
5. During 2019, Diane declared four quarterly dividends. 2019 was the first year in which Diane declared dividends.
6. During 2019, Diane did NOT enter into any non-cash investing or financing activities.

Prepare Dianes statement of cash flows (in good form) for the year ended December 31, 2019. Diane uses the indirect method. You can use illustration 5.23 in your textbook as an example of good form in statement of cash flows preparation.