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Struggling with the statement of cashflows here. Help would be greatly appreciated. Dec. 31, 2018 Problem 1: A comparative balance sheet for Monsters, Inc. appears

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Struggling with the statement of cashflows here. Help would be greatly appreciated.

Dec. 31, 2018 Problem 1: A comparative balance sheet for Monsters, Inc. appears below: Monsters, Inc. Comparative Balance Sheets as of Dec. 31, 2019 Assets Cash $ 79,000 Accounts receivable 25,000 Inventory 65,000 Equipment 40,000 Accumulated depreciationequipment (16,000) Total assets $193,000 $ 5,000 90,000 30,000 60,000 (20,000) $165.000 Liabilities and Stockholders' Equity Accounts payable Bank Loan (due in 2024) Common stock Retained earnings Total liabilities and stockholders' equity $ 35,000 40,000 60,000 58,000 $193,000 $ 20,000 45,000 60,000 40,000 $165.000 Additional information: Net Income was $ 24,000 for the year ending December 31, 2019. Equipment was sold during the year for $ 17,000. The original cost of the was $ 20,000 and the accumulated depreciation on the equipment at the time of sale was $ 13,000. Depreciation Expense was $ 9,000 in 2019. Cash dividends of $ 6,000 were declared and paid during the year. Instructions: Prepare a Complete Statement of Cash Flows in good form (organized and labeled) for the year ended December 31, 2019 using the Indirect Method

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