Jones Clothing Store presented the following balance sheet and income statement Jones Clothing Store Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Cash Marketable Securities Accounts Receivable Inventories Total current Assets $ 4,500 $ 4,000 2,500 $ 2,000 $ 6,800 $ 7,200 $ 7,500 $ 8,000 $ 21,300 $ 21,200 Land Equipment Accumulated Depreciation - Equip Building Accumulated Depreciation - Building Total Assets $ 11,000 $ 12,000 $ 24,000 $ 20,500 -3800 3000 $ 70,000 $ 70,000 $ (14,000) $ (12,000) $ 108,500 $ 108,700 Liabilities and Stockholders' Equity Accounts Payable $ 7,800 $ 7,000 Wages Payable $ 1,050 $ 1,000 Taxes Payable $ 500 $ 1,500 Total current liabilities $ 9,350 $ 9,500 Bonds payable $ 30,000 $ 30,000 Common Stock $ 32,000 $ 30,000 Additional paid in capital $ 21,000 $ 19,200 Retained earnings $ 16,150 $ 20,000 Total liabilities and stockholders equity $ 108,500 $ 108,700 Jones Clothing Store Income Statement For the year ended December 31, 209 and 2018 38,000 Sales Operating expense: Depreciation Other operating expenses Total $ $ 2,800 35,000 $ 37,800 200 Operatinf income Gain on sale of land Income before tax expense Tax expense Net income 800 1,000 500 500 Additional information: Dividends declared and paid $4,350 Land sold for cash $1,800 Equipment purchased for cash $3,500 Common stock sold for cash $3,800 Required: a. Prepare a statement of cash flows for the year ended December 31, 2019 using the indirect method