Selected financial statement information and additional data for Star Co. is presented below.

Prepare a statement of cash flows for the year ending December 31, 2019

December 31

2018 2019

Land ..................................................... 63,800 63,800

Equipment ............................................ 504,000 504,000

Inventory .............................................. 173,000 201,600

Accounts receivable (net) ..................... 84,000 151,200

Cash..................................................... 120,800 179,400

TOTAL...................................... 945,600 1,100,000

Share capitalordinary.......................... 500,000 500,000

Retained earnings ................................ 76,000 201,000

Notes payable - Long-term ................... 168,000 168,000

Notes payable - Short-term (trade) ....... 67,200 29,400

Accounts payable ................................. 50,400 86,000

Accumulated depreciation .................... 84,000 115,600

TOTAL...................................... 945,600 1,100,000

Additional data for 2019:

1. Net income was 210,000.

2. Depreciation was 31,600.

4. Dividends of 85,000 were paid