The net changes in the balance sheet accounts of Logan, Inc. for the below: 2. year 2019 are shown Accounts Debit Credit S 102,800 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Expenses Long-Term Investments Land Buildings Machinery Office Equipment Accumulated Depreciation S 32,000 7,000 108,600 10,000 72,000 150,000 300,000 50,000 14,000 12,000 10,000 Buildings Machinery 6,000 91,600 Office Equipment Accounts Payable Accrued Liabilities Dividends Payable Premium on Bonds Payable Bonds Payable Preferred stock ($50 par) Common stock ($10 par) Additional Paid-In Capital - Common Retained Earnings 36,000 64,000 16,000 400,000 78,000 111,600 33,600 852,600 Totals S 852,600 Additional information: Income Statement Data for Year Ended December 31, 2019 $136,000 Income before extraordinary item Extraordinary loss: Condemnation of land Net income 66,000 7 Cash dividends of $64,000 were declared December 15, 2019, payable January 15, 2020. 5% common stock dividend was issued March 31, 2019, when the market value was $22.00 per share. A (2) (3) The long-term investments were sold for $70,000 A building and land which cost S240,000 and had a book value of $150,000 were sold for $200,000. (4) The cost of the land, included in the cost and book value above, was $10,000. (5) The following entry was made to record an exchange of an old machine for a new Machinery.. Accumulated Depreciation--Machinery 80,000 20,000 Machinery.. Cash.. 30,000 70,000 (6) A fully depreciated copier machine classified as office equipment (O salvage value,) which cost $14,000 was written off. (7) The company sold 6,000 shares of its common stock ($10 par) on June 15, 2019 for $25 a (8) Bonds were sold at 104 on December 31, 2019. (9) Land that was condemned had a book value of $120,000. Cash value received for land was share. There were 43,800 shares outstanding on December 31, 2019. $54,000. Instructions: Prepare a statement of cash flows (indirect method). Ignore tax effects. Show all work