Statement of Cash Flow. The following is a comparative balance sheet for Shanahan Corp. for 2019. SHANAHAN CORP. Comparative Balance Sheet As of December 31 2019 2018 Assets Cash $21,600 $23,200 Accounts receivable + 49,600 44,000 Inventory 24,000 17,600 Prepaid rent 800 2,400 Machinery Accumulated depreciation-machinery 480,000 448,000 (96,000) (76,000) Total assets $480,000 $459,200 Liabilities and Stockholders' Equity Accounts payable $36,000 $28,000 Long-term debt 23,200 48,800 Common stock, $2 par Additional paid in capital 160,000 120,000 208,000 208,000 52,800 54,400 Retained earnings Total liabilities and stockholders' equity $480,000 $404,800 Notes: Cash dividends of $8,000 were paid during the year. Required Using the indirect method, prepare a statement of cash flows for 2019. Shanahan Corp. Statement of Cash Flows Year Ending December 31, 2019 Cash flow from operating activities: Net income* Adjustments for noncash items: Increase in depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid rent Increase in accounts payable 0 0 0 0 0 Cash provided by operations Cash flow from investing activities: Purchase of machinery Cash used for investing activities Cash flow from financing activities: Payments of long term note Issuance of common stock Payment of dividends Cash provided by financing activities Net decrease in cash Cash at beginning of year Cash at end of year 0 $ 0 0 $ 0 $ 0 0 0 0 $ 0 0 +A $ 0