Selected financial statement information and additional data for Johnston Enterprises is presented below. Prepare a statement of cash flows for the year ending December 31, 2019 Johnston Enterprises Statement of Financial Position and Income Statement Data December 31, December 31, 2019 2018 Property, Plant, and Equipment HK$1,241,000 HK$1,122,000 Less: Accumulated Depreciation (476,000) (442.000) 765,000 680,000 Current Assets: Inventory 391,000 340,000 Accounts Receivable 238,000 306,000 Cash 153,000 119.000 Total Current Assets 782,000 765.000 Total Assets HK$1.547.000 HK$1.445.000 Equity: Share Capital-Ordinary HK$ 510,000 HK$ 467,500 Retained Earnings 374.000 340.000 Total Equity 884.000 807.500 Non-Current Liabilities: Bonds Payable 340,000 391.000 Current Liabilities: Accounts Payable 187,000 102,000 Notes Payable 51,000 68,000 Income Taxes Payable 85.000 76.500 Total Current Liabilities 323.000 246,500 Total Liabilities 663.000 637.500 Total Liabilities & Equity HK$1.547.000 HK$1.445.000 Sales Revenue HK$1,615,000 HK$1,513,000 731,000 884,000 731.000 782,000 Less Cost of Goods Sold Gross Profit Expenses: Depreciation Expense Salaries and Wages Expense Interest Expense Loss on Sale of Equipment Income Before Taxes Less Income Tax Expense Net Income 153,000 136,000 391,000 357.000 34.000 34.000 17.000 289,000 255,000 119.000 102.000 HK$ 170.000 HKS 153.000 Additional Information: During the year. Johnston sold equipment with an original cost of HK$153,000 and accumulated depreciation of HK$119,000 and purchased new equipment for HK$272,000