prepare a cash flow statement

Dogwood Balance Sheets December 31, 2018 and December 31, 2019 Assets 2018 2019 Change Cash 10,000 15,000 5,000 Accounts Receivable 25,000 25,000 -0- Inventory Marketable Securities Investments 8,000 10,000 2,000 15,000 15,000 -0- 60,000 50,000 (10,000) 1,050,000 1,105,000 55,000 100,000 120,000 20,000 (470,000) (525,000) (55,000) 798,000 815,000 17,000 Building & Land Equipment Accumulated Depreciation Total Assets Liabilities & Stockholder's Equity Accounts Payable Mortgage Payable (current) Dividends Payable Mortgage Payable (Long Term) Common Stock 12,000 8,000 (4,000) 14,000 5,000 (9,000) 10,000 7,000 (3,000) 200,000 205,000 5,000 100,000 100,000 -0- Retained Earnings 462,000 490,000 28,000 Total Liabilities & Stockholders' Equity 798,000 815,000 17,000 Additional information: 1. Equipment costing $10,000, with a book value of $4,000 was sold for $6,000. Total Liabilities & Stockholders' Equity 798,000 815,000 17,000 Additional information: 1. Equipment costing $10,000, with a book value of $4,000 was sold for $6,000. 2. An investment costing $10,000 was sold for $5,000 3. Dividends declared during 2019 totaled $36,500. 4. Assume only dividends declared and net income affected the retained earnings account Assume all current liabilities are paid on a timely basis Prepare a cash flow statement in proper format for the Dogwood. 5. 13 MacBook Air esc F2 20 F3 DOO F . . 17 Il 2 # 3 $ 4