Lingies Lights & Bulbs 2019 and 2018 Balance Sheets included the following items:

Lingies Lights & Bulbs
Comparative Balance Sheets
As of December 31st, 2019 and 2018
			2019	2018
Cash			$53,050	$23,925
Accounts Receivable			34,125	39,825
Merchandise Inventory			156,000	146,475
Prepaid Expenses			3,600	1,650
Equipment			135,825	146,700
Accumulated Depreciation, Equipment			(61,950)	(47,550)
TOTAL ASSETS			$320,650	$311,025
Accounts Payable			28,800	33,750
Taxes Payable			5,100	4,425
Bonds Payable			0	37,500
Common Shares, no-par value			178,750	168,750
Retained Earnings			108,000	66,600
TOTAL LIABILITIES & EQUITY			$320,650	$311,025

Lingies Lights & Bulbs Income Statement are as follows:

Lingies Lights & Bulbs
Income Statement
For The Year Ended December 31st, 2019
Revenue:
Sales					446,100
Cost Of Goods Sold				222,300
Other Operating Expenses				120,300
Income Taxes Expense				13,725
Depreciation Expense				25,500
Total Expenses					(381,825)
Loss on Retirement of Bonds					(825)
Loss on Sale of Equipment					(3,300)
NET INCOME					$60,150

Required:

Prepare the STATEMENT OF CASH FLOWS using the indirect method for the year ended December 31, 2019. Additional information includes the following:

1. Equipment costing $21,375 with accumulated depreciation of $11,100 was sold for $6,975.
2. Equipment was purchased for cash in the amount of $10,500
3. Paid $38,325 to retire and cancel bonds payable
4. Dividends were paid
5. Issued 1,000 common shares for $10 per share