Statement of Cash Flow Balance sheet information for a resort hotel reflects the changes to current accounts that occurred over the annual operating period ended December 31, 2019. Cash account balance at December 31, 2018, was $12,020 and the ending cash balance at December 31, 2019, is $24,040, resulting in an increase of cash flow of $12,000. Complete the cash flow statement below to determine the impact of these activities on cash flow. Current Asset Accounts Change Amount Credit Card Receivables Increased 680 Accounts Receivable Increased 1,500 Inventories Increased 1,200 Prepaid Expenses Decreased 800 Current Liability Accounts Change Amount Accounts Payable Decreased $2,100 Increased 2,400 Accrued payroll payable Taxes Payable Decreased 900 Additional information applying to the current year ending December 31, 2008: a. Net Income was $112,400. b. Depreciation expense was $120,000. C. New furnishings were purchased for $16,000 d. New equipment was purchased for $24,000 e. A total of $54,800 was paid to reduce long term debt. f. Cash Dividends of $122,400 were declared and paid. Using the information provided, complete a SCF, in good form, using the indirect method. Marks Statement of Cash Flow + or - Change Totals 1 Net income Operating Activities Credit card receivables Accounts receivable Inventories Prepaid expenses Accounts payable Accrued payroll payable Taxes payable Depreciation expense Net adjustments to reconcile Net Income Net cash flow, operating activities 1 Investing Activities 1 Purchased new furnishings Purchased new equipment Net Cash Flow from hrvesting Activities Financing Activities Reduction to long-term debt Cash dividends declared and paid Net cash flow, financing activities Net cash flow, increase Cash balance, December 31, 2018 Cash balance, December 31, 2019 Total 10