E5.16 A comparative statement of financial position for Orozco AG is presented below. December 31 Assets 2019 2018 Land 71,000 110,000 Equipment 270,000 200,000 Accumulated depreciation equipment (69,000) (42,000) Inventory 180,000 189,000 Accounts receivable 82,000 66,000 Cash 63,000 22.000 Total 597,000 545,000 Equity and Liabilities Share capital-ordinary (1 par) 214.000 164,000 Retained earnings 199,000 134,000 Bonds payable 150,000 200,000 Accounts payable 34.000 47.000 Total 597,000 545,000 Additional information: 1. Net income for 2019 was 105,000. 2. Cash dividends of 40,000 were declared and paid. 3. Bonds payable amounting to 50,000 were retired through issuance of ordinary shares. Instructions Prepare a statement of cash flows for 2019 for Orozco AG