Question 2. The comparative statements of financial position of Conad Inc. for 2019 and 2018 appear as follows. 2019 $69,000 (17,000) 2018 $37,000 (11,000) 43,000 48,000 45,000 13,000 Conad Inc. Statements of Financial Position Assets Buildings Less: Accumulated depreciation-buildings Accounts receivable Cash Total Equity and Liabilities Share capital - ordinary Retained earnings Notes Payable (long-term) Accounts payable Total 145,000 82,000 70,000 50,000 25,000 17,000 30,000 0 20,000 15,000 $82,000 $145,000 Net income of $38,000 was reported, and dividends of $30,000 were paid in 2019. New equipment was purchased and none was sold. Instructions Prepare a statement of cash flows for the year 2019. (60 points) Explain the adjustments made in the Operating Section of the Cash Flow Statement. (20 points)