The comparative balance sheets, income statement and additional information of WhitePool Company are presented as follows. White Pool Company Balance Sheet At 31 December 2019 2018 $ $ Assets Cash Accounts Receivable Inventory Prepaid Insurance Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Total Assets 137,000 40,000 5,000 5,000 140,000 150,000 (11,000) 41,000 (5,600) 501,400 118,000 30,000 10,000 1,000 20,000 40,000 (5,000) 15,000 (4,000) 225,000 Liabilities and Stockholders' Equity Liabilities Accounts Payable Unearned Revenue Notes Payable (due on 1 Jan. 2024) Total Liabilities 12,000 8,000 130,000 150,000 28,000 6,000 20,000 54,000 Stockholders' Equity Total Paid-in capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 80,000 271,400 351,400 501,400 50,000 121,000 171,000 225,000 WhitePool Company Income Statement For the Year Ended 31 December 2019 Revenue Cost of goods sold Operating expenses Loss on sale of equipment Tax expense Net income 617,000 160,000 163,600 1,000 87,720 204,680 Additional Information a. Depreciation expense in 2019 was $10,600. b. A company purchased a land costing $120,000 by cash. c. A company purchased an equipment costing $35,000 by cash. d. An equipment with an original cost of $9,000 (its book value was $6,000) was sold for $5,000 cash. e. Issued $110,000 of a 10-year note payable in exchange for building. Instruction: Prepare the statement of cash flows for the year ended 31 December 2019, using the indirect method