Inserting into the Answer Box, prepare a statement of cash flows for the year ended December 31, 2019, using the Indirect method for Presidio, Co.

Extracts from the 2019 financial records of the Presidio, Co.:

Inserting into the Answer Box, prepare a statement of cash flows for the year ended December 31, 2019, using the Indirect method for Presidio, Co. Extracts from the 2019 financial records of the Presidio, Co.: Income Statement: Sales Revenue $390,000 Cost of goods sold Wages expense Advertising expense Depreciation expense Income Tax expense Loss on Sale of Long-Term Stock Investment Net Income $35,000 Balance Sheets 2019 2018 Cash & cash equivalents $8,000 $12,000 Accounts Receivable 22,000 28,000 Inventory 94,000 66,000 Prepaid Advertising 12,000 9,000 Long-term Stock Investment 30,000 41,000 Plant equipment 207,000 169,000 Inventory 94,000 66,000 Prepaid Advertising 12,000 9,000 Long-term Stock Investment 30,000 41,000 Plant equipment 207,000 169,000 Less: Accumulated depreciation Total Assets: $272,000 $225,000 Accounts Payable $ 27,000 $ 23,000 2,500 4,500 Salary Payable 6,000 Current Income Tax Payable 3,000 Note Payable (due in 10 years) 20,000 Common Stock 119,000 20,000 105,000 Retained Earnings 70,000 97,000 $272,000 Total Liabilities & SE $225,000 Additional information: 1. During 2019, the company sold a piece of plant equipment for cash that had originally cost $20,000. The accumulated depreciation associated with the equipment at the time of sale was $10,000. There was no gain or loss on the sale. 2. A Long-Term Stock Investment with an original cost of $11,000 was sold. 3. All dividends were paid in cash during the year. Copy and paste the Statement template below INTO your Answer Box in order to complete this question in the correct format. Copy and paste the Statement template below INTO your Answer Box in order to complete this question in the correct format. Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: Net increase/ in cash & cash equivalents Beginning cash balance, January 1, 2019 Ending cash balance, December 31, 2019