Check my work 8 Postclosing trial balance data and other financial data for The Katie Company as of December 31, 2019 and 2018, follow. 5 nts eBook THE KATIE COMPANY Postclosing Trial Balance December 31, 2019 and 2018 2019 2018 Account Name Debit Credit Debit Credit Cash $ 88,200 $ 85,400 Accounts Receivable (Net) 91,500 86,000 Merchandise Inventory 62,750 66,450 Prepaid Expenses 2,700 2,100 Land 75,000 40,000 Plant and Equipment 215,000 115,000 Accumulated Depreciation-Plant and Equipment 18,500 11,500 Intangible Assets 5,600 6,100 Notes Payable-Short Term 6,000 10,000 Accounts Payable 25,750 31,750 Payroll Taxes Payable 2,700 2,500 Income Taxes Payable 1,500 3,000 Mortgage Payable, 2026 129,000 135,000 74 Bonds Payable, 2021 50,000 0 Common Stock $1 par 100,000 50,000 Retained Earnings 207,300 157,300 Totals $540,750 $540,750 $401,050 $401,050 Print ferences Additional information for the year follows. a. Sold common stock for $50,000 in cash. b. Had net income of $75,000 after income taxes, c. Sold bonds payable for $50,000 cash at par value. d. Completed a major addition to the plant and equipment for $100,000 in cash. e. Bought additional land for $35,000 in cash. f. Paid common stock dividends of $25,000 in cash. 9. Amortized intangible assets for $500. h. The short-term note payable resulted from operating activities, not borrowing or financing activities. Required: Prepare a statement of cash flows for 2019. (Amounts to be deducted should be indicated with a minus sign.) 00 THE KATIEB COMPANY Statement of Cash Flows -5 Year Ended December 31, 2019 Cash flows from operating activities Ints Adjustments: eBook Print eferences Total adjustments Cash flows from investing activities Cash flows from financing activities 8 Cash flows from operating activities Adjustments: 5 hts Book Print rences Total adjustments Cash flows from investing activities Cash flows from financing activities