Problem 4-9 Statement of cash flows [L04-8] The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2018, appears below: $1,200,000 850,000 350,000 70,000 280,000 Income tax The following balance sheet information also is available: $480,000 85,000 150,000 115,000 75,000 45,000 receivable 100,000 25,000 le In addition, the following transactions took place during the year 1. Common stock was issued for $130,000 in cash. 2. Lona-term investments were sold for $65.000 in cash. The oriainal cost of the investments also was $65.00o