The balance sheets for Bally Inc. presents the following information. Additional information concerning transactions and events during 2019 are presented below: Bally Inc. Balance Sheet ($ in thous) December 31 Cash Accounts Receivable Inventory Investments - Equity Securities (Net) Long Term Investments - Common Stock Property, Plant & Equipment Accumulated Depreciation Total Assets 2019 $12,700 53,400 25,000 14,000 460,000 266,500 (35,600) $796,000 2018 $10,200 20,300 29,000 13,000 315,000 150,000 (25,000) $512,500 Accounts Payable Other Accrued Liabilities Dividends Payable Bonds Payable Common Stock Additional Paid-Capital - Common Stock Retained Earnings Treasury Stock Total Liabilities and Stockholders' Equity $16,000 28,000 35,000 150,000 100,000 200,000 367,000 (100,000) $796,000 $26,500 17,000 -0- 100,000 50,000 100,000 219,000 -O- $512,500 Additional data for 2019: ($ in thous) 1. Net Income for the year, $250,000 2. Plant Assets that cost $15,000 were sold for $5,000. The gain of $2,000 on the sale was reported in net income. 3. Dividends declared were $102,000 4. During the year common stock was issued at an amount above par. 5. Recorded an adjusting entry at year end for a $1,000 unrealized gain on equity securities. (note: the account Investments - Equity Securities is a net amount with the Fair Value Adjustment account) 6. Bally uses the Equity Method of Accounting for Investments in Common Stock During 2019, Bally reported/recognized $10,000 of equity income. Instructions: Prepare a Statement of Cash Flows (use the indirect method) for 2019 for Bally Inc. Statement of Cash Flows - Account Analysis Worksheet Bally Inc. Trial Balance ($ in thous.) Assets Cash $ Accounts Receivable Inventory Investments - Equity Securities Long Term Investments - Common Stock Property, Plant & Equipment Accumulated Depreciation Total Assets 2019 12,700 53,400 25,000 14,000 460,000 266,500 (35,600) 796,000 2018 10,200 20,300 29,000 13,000 315,000 150,000 (25,000) 512,500 Change 2,500 33,100 (4,000) 1,000 145,000 116,500 (10,600) $ 283,500 _ $ $ $ 26,500 17,000 Liabilities and Stockholders' Equity Accounts Payable Other Accrued Liabilities Dividends Payable Bonds Payable Common Stock Additional Paid-in-Capital Retained Earnings Treasury Stock Total Liabilities and Equity 16,000 28,000 35,000 150,000 100,000 200,000 367,000 (100,000) 796,000 100,000 50,000 100,000 219,000 (10,500) 11,000 35,000 50,000 50,000 100,000 148,000 (100,000) 283,500 $ $ 512,500 $ Bally Inc. Statement of Cash Flows For the year ended December 31, 2019 ($ in thous) Net Income Net Increase to cash Cash Balance 12/31/2018 Cash Balance 12/31/2019