Selected financial info for Strand Corp is below: 2019 2018 Cash $63,000 $42,000 Accounts receivable (net). $151,200 $84,000 Inventory $201,600 $168,000 Land $21,000 $58,800 Equipment $789,600 $504,000 Accumulated depreciation ($115,600) ($84,000) TOTAL $1,110,800. $772,800 Accounts payable $86,000. $50,400 Notes payable- current $29,400 $67,200 Notes payable- non-current $302,400 $168,000 Common stock $487,200 $420,000 Retained earnings $205,800 $67,200 TOTAL. $1,110,800 $772,800

Additional info for 2019: 1) Net Income was $235,200 2) Depreciation expense was recorded Sfl~anwafloidaPitroftginafrco~St?NwtthErassetneres~ola 4) Cash dividends were paid 5) Equipment was purchased for cash REQUIRED: A) Prepared a formal Statement of Cash Flows for 2019