E5.14 (LO3) (Preparation of a Statement of Cash Flows) The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2019 appear as follows. Lopez Inc. Statements of Financial Position Assets Inc./Dec. Dec. 31, 2019 $ 39,000 Jan. 1, 2019 $ 22,000 Equipment $17,000 Inc. 6,000 Inc. (17,000) (11,000) 91,000 45.000 $ 158,000 88,000 3,000 Inc. 13.000 32,000 Inc. $112.000 Less: Accumulated depreciation equipment Accounts receivable Cash Total Equity and Liabilities Share capital-ordinary Retained earnings Accounts payable Total $100,000 38,000 20,000 $158,000 $80,000 20,000 Inc. 17,000 21,000 Inc. 15,000 5,000 Inc. $112.000 Net income of $34,000 was reported, and dividends of $13,000 were paid in 2019. New equipment was purchased and none was sold. Instructions Prepare a statement of cash flows for the year 2019