$ Problem 6 ProLogis Inc: Income Statement for the Year Ending December 31, 2019 Revenue Cost of Goods Sold Salaries Depreciation Other Operating Expenses Other Revenue/Expenses: Gain on Sale of equipment Interest Expense Income Tax Expense Net income 23,598 11,456 4,123 1,052 3,577 205 246 1,139 2,210 $ ProLogis Inc: Comparative Balance Sheets: December 31, 2019 and 2018 2019 2018 Cash $ 1,011 $ 1,163 Accounts Receivable 1,012 957 Inventory 3,984 3,277 Prepaid Expenses 155 178 Total Current Assets 6,162 5,575 Land 510 510 Building 3,680 3,680 Equipment 8,798 8,555 Accumulated Depreciation - Equipment 3,443 2,891 Total Long Term Assets 9,545 9,854 Total Assets $ 15,707 $ 15,429 Accounts Payable $ 3,588 $ 3,325 Salaries Payable 85 Interest Payable 62 74 Income Tax Payable 50 Other Accrued Liabilities 1126 1104 Total Current Liabilities 4,916 $ 4,628 Long Term Debt 3075 3575 Common Stock 3750 4350 Retained Earnings 3966 2876 Total Liabilities and Equity $ 15,707 $ 15,429 During 2019, ProLogis purchased a new equipment for a total cost of $1,300. Other than dividends and net income, no other items impacted net income during 2019 75 55 Prepare the statement of cash flow for ProLogis as of the year ending December 31, 2019 using the direct method