Shine Corp Statement of Financial Position For the year ending in December 31, 2019 2019 2018 Difference Assets Cash Accounts Receivable Inventory Long-Term Investments Equipment Accumulated Depreciation Total Assets Liabilities: $123,200 $160,900 $365,625 5279,500 $877,500 (5167,750) $1,638,975 $115.200 $147,000 $308,550 5282,000 $727,500 (5156,000) $1,424,250 $8.000 Increase $13.900 Increase $57,075 Increase (52,500)Decrease $150,000 Increase $11.750)Decrease $214,725 $325,000 $53,625 $243,750 $622,375 5201,900 $51,000 $330,000 582.900 $123,100 Increase $2.625 Increase (586,250)Decrease $39,475 Accounts Payable Income Tax Payable Bonds Payable Total liabilities Equity: Share Capital-ordinary Retained earnings Total Equity Total liabilities and equity $650,000 $366,600 $1,016,600 51,638,975 5525,000 $316,350 5841,350 $1,424 250 $125,000 Increase $50,250 $175,250 5214,725 Shine Corp Income Statement For the year ending in December 31, 2019 $1,200,000 Sales Cost of goods sold 5404500 Ai Le e Shine Corp Income Statement For the year ending in December 31, 2019 Sales $1,200,000 Cost of goods sold $404,500 Depreciation Expense $147,000 Other operating expenses $240,000 (5791,500) Other gains (losses: Loss on sale of equipment (542,000) Income before taxes $366,500 Income tax expense (5148,250) Net Income $218.250 Additional Information 1. No gain or loss was recognized on the investments or retired bonds. 2. Equipment with an original cost of $184.750 was sold for $10,500 in cash. 3. New equipment was purchased for $337.750 in cash. 4. The company paid cash dividends in the amount of $168,000. 5. Additional Ordinary shares were issued for cash Instructions: Prepare a complete statement of cash flows for the year ending in December 31, 2019. Shine Statement For the year ending i Cash flows from activities Ai e