Safin Company Balance Sheet As of December 31 Assets: Cash Accounts receivable Inventory Long-term Investments Equipment Accumulated depreciation equipment Land Total Assets 2019 $ 80,000 135,000 75,000 55,000 215,000 (58,000) 40,000 $ 542,000 2018 $ 51,000 122,000 61,000 85,000 193,000 (42,000) 25,000 $495,000 Liabilities & Owners' Equity: Accounts payable Income taxes payable Notes payable (5 year) Common stock Retained earnings Total Liabilities & Owners' Equity $ 70,000 12,000 62,000 310,000 88,000 $ 542,000 $ 60,000 10,000 70,000 260,000 95,000 $ 495.000 Additional data for 2019: a. Equipment that cost $10,000 was sold for a loss of $3,000. b. Investments that cost $35,000 were sold for a gain of $15,000. Net income $67,000. d. Depreciation expense $20,000. c. Required: Prepare a Statement of Cash Flows for the year ended December 31, 2019 using the indirect method. Show all supporting calculations