The comparative balance sheet of Cromme Inc. for December $31,2019$ and $2018,$ is shown as follows:

Dec. $31,2019$ Dec. $31,2018$

Assets

Cash $$625,760\mathrm{.}00$ $$585,920\mathrm{.}00$

Accounts receivable $($net$)227,840\mathrm{.}00208,960\mathrm{.}00$

Inventories $641,760\mathrm{.}00617,120\mathrm{.}00$

Investments $0\mathrm{.}00240,000\mathrm{.}00$

Land $328,000\mathrm{.}000\mathrm{.}00$

Equipment $705,120\mathrm{.}00553,120\mathrm{.}00$

Accumulated depreciation$-$equipment $(166,400\mathrm{.}00)(148,000\mathrm{.}00)$

Total assets $$2,362,080\mathrm{.}00$ $$2,057,120\mathrm{.}00$

Liabilities and Stockholders$$ Equity

Accounts payable $($merchandise creditors$)$ $$424,480\mathrm{.}00$ $$404,960\mathrm{.}00$

Accrued expenses payable $($operating expenses$)42,240\mathrm{.}0052,640\mathrm{.}00$

Dividends payable $24,000\mathrm{.}0019,200\mathrm{.}00$

Common stock, $$4$ par $150,000\mathrm{.}00100,000\mathrm{.}00$

Paid$-$in capital: Excess of issue price over par$$common stock $417,500\mathrm{.}00280,000\mathrm{.}00$

Retained earnings $1,303,860\mathrm{.}001,200,320\mathrm{.}00$

Total liabilities and stockholders$$ equity $$2,362,080\mathrm{.}00$ $$2,057,120\mathrm{.}00$

Additional data obtained from an examination of the accounts in the ledger for $2019$ are as follows:

A$.$ The investments were sold for $$280,000$ cash.

B$.$ Equipment and land were acquired for cash.

C$.$ There were no disposals of equipment during the year.

D$.$ The common stock was issued for cash.

E$.$ There was a $$199,540$ credit to Retained Earnings for net income.

F$.$ There was a $$96,000$ debit to Retained Earnings for cash dividends declared.

$$

Cromme Inc.

Statement of Cash Flows

Cash flows from operating activities:

Adjustments to reconcile net income to net cash flow from operating activities:

Changes in current operating assets and liabilities:

Cash flows from investing activities:

Cash flows from financing activities:

Cash at the beginning of the year

Cash at the end of the year