Harlan Mining Co. has recently decided to make the company "go public". Harian is anxious to have its statement of cash flows prepared. Financial statements for 2019 and 2018 are provided below. BALANCE SHEETS Cash Accounts receivable Inventory Property, plant and equipment Less accumulated depreciation 12/31/19 $408,000 360,000 384,000 $608,000 (320,000) $ 192,000 216,000 480, 000 $960, 000 Accounts payable Income taxes payable Bonds payable Conmon stock Retained earnings $ 96,000 392,000 600,000 216,000 240,000 s 176,000 352,000 360,000 216,000 336,000 $1.544,000 INCOME STATEMENT for the Year Ended December 31, 2019 Sales revenue Cost of sales Gross profit Selling expenses Administrative expenses Income Erom operations Interest expense Incone before taxes Income taxes Net income 8, 400,000 7,152, 000 1,248,000 $600,000 192,000 456, 000 384,000 96,000 The following additional data were provided: i. Dividends for the year 2019 were $192,000. ii. During 2019, equipment was sold for $240,000This equipment cost $352,000 originally and had a book value of $288,000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 111. All depreciation expense is in the selling expense category. 4. Under the direct method, the cash received from customers equals 5. The amount of total taxes paid is