Financial statements of Mare Manufacturing Co. for 2019 and 2018 are provided below. Prepare the Statement of Cash Flows using the indirect method in the space to the right Properly disclose any significant noch ein The following additional data were provided 1. Cash dividends were paid during the year 2. During the year, equipment was cold for $240, 300, This equipment cont $352,5% originally and had a book value of $288.000 at the time of sale 3. All depreciation expense is in the selling expense category 4 On December 31, 2018, the company issued a $2501X0 note payable in exchange for land. To submit your answer, type in your response below. Once finished, press the yellow "CLICK HERE TO SAVE YOUR WORK button You will be given a URL Copy and paste that URL into the answer field in Canvas Balance Sheet 2 12/31/2018 388.000 360000 384.000 628.000 250.000 (320XXD 1690,000 12/31/2017 192.000 216.000 480.000 900.000 Ope (304) 1.544.00 Item Iten Pe 4 5 Cash 6 Accounts receivable 7 Inventory 8 Equipment Land 10 Less accumulated depreciation 11 12 13 Accounts payable 14 Income taxes payable 15 Notes Payable 16 Bonds payable 17 Common stock 18 Retained earnings 19 20 96.000 392,000 176.00 352.000 250.000 360.000 216.000 336000 1690.000 600.000 216.000 240,000 1544 000 22 23 Income Statement 24 For the Period Ending 12/31/18 25 26 Sales revenue 8.400.000 27 Cost of sales (7.104.000) 28 Selling expenses (600.000) 29 Administrative expenses (192.000) 30 Interest expense (72.000) 31 Loss on sale of equipment (48.000 32 Income before taxes 384.000 33 Income taxes 196.000 34 Net income 288,000 35 36 37 38 39 40 Operating Activities Item #1 Item #2 Ete. Amount #1 Amount 12 Etc. Net cash by operating activities Amount Investing Activities Item 1 Item #2 Amount: Amount 2 Etc. Ete. Net cash Lby investing activities Amount Financing Activities Item #1 Item #2 Etc. Amount 1 Amount 12 Etc. Net cash by financing activities Amount Net increase in cash Beginning cash balance Ending cash balance Amount Amount Amount Signifieant noncash transaction Disclose any significant och transaction here