($) UDIN Ltd. Comparative Statement of Financial Position 31 December 2019 Assets 2019 2018 Equipment 265.000 242.500 Accumulated depreciation - equipment 47.000 - 52.000 Long-term investments 140.000 114.000 Prepaid expenses 29.300 26.000 Inventory 112.500 102.850 Accounts receivable 92.800 33.000 Cash 100.350 48.400 Total 692.950 514.750 Equity and Liabilities Share capital-ordinary 220.000 175.000 Retained earnings 234.450 105.450 Bonds payable 110.000 150.000 Accounts payable 112.000 67.300 Accrued expenses payable 16.500 17.000 Total 692.950 514.750 397.780 UDIN Ltd. Income Statement For the Year Ended December 31, 2019 Sales revenue 392.780 Gain on disposal of plant assets 5.000 Less : Cost of goods sold 135.460 Operating expense, excluding depreciation 12.410 Depreciation expense 45.000 Income tax expense 27.280 Interest expense 4.730 Net Income 224.880 172.900 Additional infformation: 1. New equipment costing 80,000 waas purchased for cash during the year. 2. Old equipment having an original cost of 57,500 and accumulated depreciation of 50,000 was sold for 12,500 cash 3. Bonds payable matured and were paid off at face value for cash 4. A cash dividend of 4,730 was declared and paid during the year. Instructions Prepare a statement of cash flows using the indirect method