Question 5 (20 marks) The comparative Balance Sheets and the Income statement for the Marine Corporation are as follow Marine Corporation Income Statement For the Year Ended December 31, 2019 Sales Less: Cost of Goods Sold Gross Profit Less: Selling, General & Administrative Expenses Operating profit $4,500,000 3,200,000 1,300,000 260,000 1,040,000 150,000 890,000 90,000 800,000 400,000 $ 400,000 Less: Depreciation Expense Earnings Before Interest and Taxes Less: Interest Expense Earings Before Taxes Less: Taxes (50%) Net Income Marine Corporation Assets Cash Marketable Securities Accounts Receivable Inventories Investments Total current assets Plant and Equipment Less Accumulated Amortization Net plant and Equipment Total Assets Balance Sheet 2018 $35,000 185,000 240,000 230,000 70,000 $760,000 1,300,000 450,000 2019 $40,000 170,000 220,000 275,000 55,000 $760,000 1,550,000 600,000 $850,000 1,610,000 $950,000 1,710,000 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $95.000 Notes payable 80.000 Accrued Expenses 30.000 Income Taxes Payable 5.000 Bonds Payable (2016) 800,000 Common Stock (100.000 shares) 200.000 Rolained Earnings 400.000 Total Llabilities and Shareholders S110.000 Equity $75,000 20.000 5,000 10,000 900,000 200,000 500.000 $1.7110.000 Required Prepare a statement of Cash Flows for the year ended December 31, 2019 using the Indirect Method showing the operating investing and financial cashflows up to the net change in cash