Statement of Cash Flow. The following is a comparative balance sheet unahan Corp. for 2019. SHANAHAN CORP. Comparative Balance Sheet As of December 31 2019 2018 Assets Cash $32,400 $34,800 Accounts receivable 74,400 66,000 Inventory 36,000 26,400 Prepaid rent 1,200 3,600 Machinery 720,000 672,000 Accumulated depreciation -machinery (144,000) (114,000) Total assets $720,000 $688,800 Liabilities and Stockholders' Equity Accounts $54,000 $42,000 payable Long-term debt Common 34,800 73,200 Liabilities and Stockholders' Equity Accounts $54,000 $42,000 payable Long-term debt 34,800 73,200 Common stock, $2 par 240,000 180,000 Additional 312,000 312,000 paid in capital Retained earnings 79,200 81,600 Total liabilities and stockholders equity $720,000 $607,200 Notes: Cash dividends of $12,000 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 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 0 0 Increase in inventory 0 0 0 0 $ 0 0 $ 0 Decrease in prepaid rent Increase in accounts payable 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 Check