Use Cashflow

Forsyth Co. had the following financial data related to the year ended March 31, 2019 Income Statement Information: $479,892 $161,644 57,400 17,374 Sales Cost of goods sold Depreciation expense Other cash expenses Income taxes expense Interest expense Loss on sale of equipment Net income 10,185 3,822 16,100 266,525 $213.367 Balance Sheet Information: as at March 31 Cash Accounts receivable Inventories Long-term investments Equipment Accumulated depreciation Total Assets 2019 $142,740 126,360 146,250 111,800 351,000 (65.000) $813.150 2018 $46,080 58,800 123,420 112,800 291,000 (62.400) $569.700 Accounts payable Taxes payable Long-term Bonds payable Common shares Retained earnings Total Liab. & S/E $130,000 21,450 97,500 260,000 304.200 $813.150 $80,760 20,400 132,000 210,000 126.540 $569.700 Additional information: 1. One piece of equipment was sold (for cash) during the year. 2. One piece of equipment was purchased for $115,000 cash and $38,000 in common shares ($153,000 total cost). 3. Some bonds payable were retired (repurchased or paid off) during the year. 4. Cash dividends were paid. 5. Some Long-term investments were sold for their recorded value. NOTE: Any non-cash investing &/or financing activity items should be mentioned at the bottom of the cashflow statement