Question text Cash The comparative balance sheets for Drexler Company appear below: DREXLER COMPANY Comparative Balance Sheet Dec. 31, 2019 Dec. 31, 2018 Assets $ 28,000 $13,000 Accounts receivable 18,000 14,000 Prepaid expenses 7,000 9,000 Inventory 25,000 15,000 Long-term investments -0- 18,000 Equipment 60,000 30,000 Accumulated depreciation-equipment (18.000 (14,000 Total assets $120,000 $85.000 Liabilities and Stockholders' Equity Accounts payable $ 25,000 $ 7,000 Bonds payable 37,000 45,000 Common stock 40,000 23,000 Retained earnings 18,000 10,000 Total liabilities and stockholders' equity $120,000 $85,000 Additional information: 1. Net income for the year ending December 31, 2019, was $30,000. 2. Cash dividends were declared and paid during the year. 3. Long-term investments that had a book value of $18,000 were sold for $16,000. Prepare a statement of cash flows for the year ended December 31, 2019, using the indirect method