Spreadsheet and Statement The following 2019 information is available for Stewart Company: Condensed Income Statement for 2019 Sales 59.000 Cost of goods sold (6.000) Other expenses (2,000) Loss on sale of equipment (260) Gain on sale of land 400 Net income 51.140 Cash Accounts receivable Inventory Land Equipment Less: Accumulated depreciation Total Assets Comparative Balance Sheets December 31, December 31, 2018 2019 5700 51.130 450 310 350 400 300 500 1,600 1.800 (200) (150) 53.200 53.990 $600 Accounts payable Rendel (du 11/2012) $750 100 5600 5750 1.400 Accounts payable Bonds payable (due 1/1/2018) 1.000 1,000 Common stock $10 par 900 Retained earnings 700 840 Total Liabilities and Shareholders' Equity $3.200 $3.990 Partial additional information: The equipment that was sold for cash had cost $400 and had a book value of $300. Land that was sold brought a cash price of $530. . Fifty shares of stock were issued at par. Required: Making whatever additional assumptions that are necessary STEWART COMPANY Statement of Cash Flows For Year Ended December 31, 2019 Operating Activities: Net income 1.140 Adjustment for noncash income items Add: Depreciation expense 50 Add: Gain on sale of equipment X Add: Increase in inventory X Adjustments for cash flow effects from working capital items: ED ON N Investing Activities: Financing Activities: Investing Activities: || IN Financing Activities: [DDD Cash, January 1, 2019 Cash, December 31, 2019 Feedback Check My Won