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During 2019, ProLogis purchased a new equipment for a total cost of $1,300.Other than dividends and net income, no other items impacted net income during

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During 2019, ProLogis purchased a new equipment for a total cost of $1,300.Other than dividends and net income, no other items impacted net income during 2019

Prepare the statement of cash flow for ProLogis as of the year ending December 31, 2019

using the direct method.

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ProLogis Inc: Income Statement for the Year Ending December 31, 2019 Revenue S 23,598 Cost of Goods Sold 11,456 Salaries 4,123 Depreciation 1,052 Other Operating Expenses 3,577 Other Revenue/Expenses: Gain on Sale of equipment 205 Interest Expense 246 Income Tax Expense 1,139 Net income 5 2,210 ProLogis Inc: Comparative Balance Sheets: December 31, 2019 and 2018 2019 Cash 5 1,011 Accounts Receivable 1,012 Inventory 3,984 Prepaid Expenses 155 Total Current Assets 6,162 Land 510 Building 3,680 Equipment 8,798 Accumulated Depreciation - Equipment 3,443 Total Long Term Assets 9,545 Total Assets 5 15,707 Accounts Payable 5 3,588 Salaries Payable 85 Interest Payable 62 Income Tax Payable 55 Other Accrued Liabilities 1126 Total Current Liabilities S 4,916 Long Term Debt 3075 Common Stock 3750 Retained Earnings 3966 Total Liabilities and Equity 5 15,707 2018 5 L163 957 5277 173 5575 510 3680 9555 L891 9354 $ 15,429 $ 3325 75 74 50 1104 $ 4528 3575 4350 2876 5 15,429

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