Use T account for all the workings Prepare cash flow statement for Marson Co.by using the indirect method

The following is a comparative statement of financial position of Marson Co. as of December 31 2019 2018 Assets La nd 140,000 90,000 Vehicle 140,000 170,000 Accumulated depreciation - vehicle ( 75,000) ( 90,000) Lon_ term investment 111 700 50 000 Prepaid advertising 30.000 35,000 Inventory 73,000 30,000 Account receivable 28.000 18,000 Cash 30.000 10,000 Total Assets 477.700 313,000 Equity and Liabilities Share capital - ordinary (par value $20) 130,000 80,000 Share premium - ordinary 85,000 35,000 Retained earnings 120000 90,000 Bonds payable 95.000 77,000 Account payable 35.000 15,000 Accrued expense 3000 7,000 Dividends payable 3,200 5,000 Income tax payable 6500 4,000 Total Equity and Liabilities 477,700 313,000 Marson Income Statement for the year ended 31 December 2019: Sales $488,000 COGS $268,400) Gross Profit $219,600 Total Operating Expenses ($173,600) 9Include Depreciation Expense $45,000 Other Income (Expenses): Gain on Disposal of Vehicle $16,600 Income From Operations $62,600 Interest Expense (Bonds) 1517.600) Income Before Tax $45,000 Income Tax expense ($7,500) Net Income $37,500