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Prepare the statement of cash flows for the year 2018 for investing and financing activities only. The balance sheets for Bender Company showed the following

Prepare the statement of cash flows for the year 2018 for investing and financing activities only.

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The balance sheets for Bender Company showed the following information. 12/312019 12/31/2018 Cash $ 30,900 $ 10,200 Accounts receivable (net) 43,300 20,300 Inventory 35,000 42,000 Long-term investments 15,000 Property, plant & equipment 236,500 150,000 Accumulated depreciation (37,700 ) (25,000) $308,000 $212,500 Accounts payable $ 17,000 $ 26,500 Accrued liabilities 21,000 17,000 Long-term notes payable 70,000 50,000 Common stock 130,000 90,000 Retained earnings 70,000 29,000 $308,000 $212,500 Additional data: i. Net income for the year 2018, $76,000. ii. Depreciation on plant assets for the year, $12,700. iii Sold the long-term investments for $28,000 (assume gain or loss is ordinary). iv. Paid dividends of $35,000. v. Purchased machinery costing $26,500, paid cash. vi. Purchased machinery and gave a $60,000 long-term note payable. vii. Paid a $40,000 long-term note payable by issuing common stock. Instructions: Prepare cash flows from investing and financing activities for year 2019. There may be more lines than needed

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