Question 1 80,000 Chekov Corporation's statement of financial position at the end of 2018 included the following items. Land 40,000 Buildings 100,000 Equipment Accum. depr.--buildings 31,000 Accum. depr.-equipment 10,000 Patents 50,000 Current assets 230,000 Total 459,000 Bonds payable 90,000 Current liabilities 140,000 Share capital-ordinary 190,000 Retained earnings 39,000 Total 459,000 The following information is available for 2019. 1. Total revenues were $100,000 and total expenses were 545000 2. Equipment (cost $20,000 and accumulated depreciation $8,000) was sold for $9,000 3. Depreciation expense was $4,000 on the building and $9,000 on equipment 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $25,000. Current liabilities increased by $13,000 6. An addition to the building was completed at a cost of $27,000. 7. A long-term investment in debt securities was purchased for $15,000. 8. Bonds payable of $50,000 were issued. 9. Cash dividends of $25,000 were paid. 10. Treasury shares were purchased at $11,000. Instructions (Show only totals for current assets and current liabilities.) a. Prepare a statement of cash flows for 2019 (10 points) b. Prepare a statement of financial position at December 31, 2019 (10 points)