Q4 (14 points) Following is information for JKL Equipment Compary for the year ended December 31,2019. Net income for the year 2019 was $8,500. Included in the calculation of net income were $8,000 of depletion expense, $2,500 of unrealized gains on investments, $3,000 of dividend revenue and a gain on sale of land of $1,000. Accounts recelvable decreased $2,000, while inventories increased $4,000, dividends receivable decreased by $1,000 and accounts payable decreased $8,000 and dividends payable increased by $1,000. During the year, a piece of land held for future expansion was sold for cash of $8,000, and a new service truck was purchased for cash of $14,000. The company borrowed $18,000 on a two-year note from the bank. Dividends of $6,000 were paid in cash. Preferred stock'was issued to retire $7,000 of long-term notes payable. The beginning cash balance was $22,000. Required: Use the above information to prepare a statement of cash flows for JKL Equipment Company for the year ended December 31, 2019. Use the indirect method for the operating activities section of the statement. Statement of Cash Flows