Toro Corp. reports the following two years of balance sheets and some additional information. 2019 2018 Cash S 92,915 $ 31,355 Accounts receivable 94,000 80,850 Inventory 179,000 157,600 Prepaid insurance 2,760 3,400 Investment in XYZ Corp. 22,500 99,000 Land, buildings, and equipment 1,278,000 1,139,000 Accumulated depreciation (624,000) (586,000) Total assets S 1,045,175 Accounts payable S 88,940 SS 925,205 162,670 Salaries payable 25,600 31,500 Notes payable (current) 37,600 89,000 Bonds payable 214,000 Common stock 300,000 300,000 Retained earnings 379,035 342,035 Total liabilities and shareholders' equity S 1,045,175 S 925,205 Additional information for 2019: (1) Sold Investment in XYZ Corp. securities costing $76,500 for $82,400 in cash. (2) Paid cash dividends of $27,000. (3) Issued 6% bonds payable at face value, $214,000. (4) Purchased new equipment for $159,000 cash. (5) Equipment costing $20,000 with a book value of $6,400 was sold for $8,100 in cash. (6) Net income was $64,000. (7) Depreciation Expense for the year was $51,600. Required: Prepare a statement of cash flows for 2019 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) TORO CORPORATION Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating activities: Net loss Adjustments for noncash effects: Changes in operating assets and liabilities: Not cash flows from operating activities $ 0 Cash flows from investing activities: Not cash flows from investing activities Cash flows from financing activities 0