points) Lincoln Helmets purchased equipment for $124,000 cash, sold equipment costing ith a book value of $44,000 at a loss, and declared dividends during 2019. No new notes payable were issued during the year. Financial data follows: 2019 Dec. 31, 2019 Dec. 31, 2018 Change Cash Accounts receivable Inventory Equipment Accum. depreciation Accounts payable Unearned revenue Accrued salaries Taxes payable Long-term notes payable Common stock Retained earnings $89,200 62,400 56,000 360,000 (92,000) 50,800 32,400 14,000 23,200 74,000 180,000 101,200 $86,000 27,600 42,000 308,000 (84,000) 72,800 42,400 17,600 16,000 110,000 56,000 64,800 $3,200 34,800 14,000 52,000 (8,000) (22,000) (10,000) (3,600) 7,200 (36,000) 124,000 36,400 Sales revenue Cost of sales Salaries expense Depreciation expense Interest expense Loss on sale of equipment Income taxes expense Net Income $1,700,000 850,000 270,000 36,000 7,000 6,000 88,000 $ 443,000 Required: Calculate cash flows from operations using the indirect method for 2019