prepare a statement of cash flow

Additional Information: 1. Land was sold for cash. 2. Equipment was sold for cash. Book value $ 21,000. The original cost was $ 70,000 3. The investment under the equity method is 25% of Investee's shares. Investee reported net income of $ 400,000 and declared dividends of $ 80,000. 4. The change in Accumulated OCI did not affect the income and expense statement or the cash. 5. The change in the HTM bonds was exclusively due to the amortization of the premium.

Brandon Company Comparative Balance Sheets December 31 2019 2018 Cash and Equivalents $ 1,050,490 $ 290,000 Accounts receivable 222,000 180,000 Allowance for doubtful accts (6,600) (5,400) Inventories 200,000 240,000 Interest receivable 9,375 Dividends receivable 20,000 15,000 Prepaid insurance 90,000 75,000 Equity method investment Investment in bonds (HTM) Land Buildings Accumulated depreciation Equipment Accumulated depreciation Patents (net) Total assets Accounts payable Dividends payable Salaries payable Income taxes payable Common stock Paid-in capital from Tr Stock Retained earnings Accumulated other comprehensive income Treasury stock 380,000 300,000 258,505 259,620 100,000 200,000 350,000 350,000 (60,000) (50,000) 300,000 270,000 (107,000) (108,000) 280,000 320,000 $ 3,088,789 $ 2,338,238 $ 275,000 $ 250,000 60,000 40,000 11,000 15,000 50,000 677,299 100,000 40.000 677,299 1,340,000 1,100,000 575,490 415,939 (200,000) $ 3,088,789 $2,338, 238 Total liabilities and Sh Equity Brandon Company Income Statement For the Year Ended December 31, 2019 Sales revenue $ 1,077,000 Cost of good sold (500,000) Salaries expense (200,000) Bad debts expense (1,200) Depreciation/ amortization expense (98,000) Insurance expense (25,000) Equity method revenue 100,000 Interest revenue (bonds) 17,635 Gain on sale of land 25,000 Loss on sale of equipment (10,000) Income tax expense (85,435) Net income $ 300,000 Informacin adicional: 1. Se vendi terreno en efectivo. 2. Se vendi equipo en efectivo. Valor en los libros $21,000 3. La inversin bajo equity method es de 25% de las acciones de Investee. Investee report ingreso neto de $400,000 y declar dividendos de $80,000. 4. El cambio en Accumulated OCI no afect el estado de ingresos y gastos ni el efectivo. 5. El cambio en los bonos HTM se debi exclusivamente a la amortizaci2n de la prima