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Income Statement For the Year Ended December 31, 2019 $250,000 254000 Revenues Gain on sale of land Total revenues Expenses Cost of goods sold Operating

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Income Statement For the Year Ended December 31, 2019 $250,000 254000 Revenues Gain on sale of land Total revenues Expenses Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net Income 127,000 25.000 20,000 16,000 12,000 $54100 Track Inc Balance Sheets December 31 $330.000 83,000 121,000 7,000 $187.000 95,000 138,000 5,000 Assets Current Assets Cash Accounts receivable Inventory Prepaid rent Long-Term Assets Investment in stock Land Equipment Accumulated depreciation Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts payable Interest payable Income tax payable Long-Term Liabilities Notes payable Stockholders' Equity Common stock Retained earnings Total Liabilities and Equity 186,000 160.000 295,000 -120,000 1.062.000 100.000 260,000 225,000 -100,000 3910,000 $40,000 1000 12.000 $58.000 2.000 10.000 275.000 205,000 410,000 324.000 $106.000 350.000 285.000 910 000 Additional Information for 2019 1 Purchase additional investment in stocks for $86,000 2. Sell land costing $100,000 for $104,000 resulting in a $4.000 gain on sale of land 3. Issue common stock in exchange for cash $60.000. 4. Declared and paid a cash dividend of $15.000. 5. Purchase $70,000 in equipment by borrowing $70,000 with a note payable due in three years. No cash is exchanged in the transaction What is the cash flows from operating activities? What is the cash flows from investing activities? What is the cash flows from financing activities? What is the cash flows from non-cash activities

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