please I need full explanation for each amount enterd in the cash flow .

Case 1 Use the following financial statements of Westcott Company and additional information (1) prepare a complete statement of cash flows for the year ended December 31, 2019. Westcott Company Balance Sheets December 31, Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation Total assets 2019 85,600 72,850 157,750 6,080 280,600 (80,600) 522,280 2018 65,200 56,750 144,850 12,680 245,600 (97,600) 427,480 Accounts payable Income Taxes payable Bonds payable Common stock Contributed capital in excess of par Retained earnings Total Liabilities and Equity 52,850 15,240 59,200 200,000 53,000 141,990 522,280 45,450 12.240 79,200 150,000 40,000 100,590 427,480 Additional Information: 1. Net income for the year was $83,400 2. Dividends paid amounted to $42,000 3. Consider the decrease in accumulated depreciation to be an increase in cash flow. (Please note that the balance resulted from the beginning balance + purchase of additional equipment less sale of equipment = 245,600 + 120,000 - cost of sold equipment 85,000 = 280.600)