Use this information, as well as the information below to PREPARE THE CASH FLOW STATEMENT.

1. Net income for the year ending was $35,000

2. Cash dividends of $15,000 were declared and paid during that year

3. Long-term investments that had a cost of $17,000 were sold for $14,000

4. Sales for 2019 were $120,000

5. Depreciation expense was $5,000

6. Equipment was purchased with cash. No equipment was sold.

7. Common stock was issued for cash

8. Bonds were retired with cash.

A comparative balance sheet for Harrison Co.appear below: Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Equipment Accumulated depreciation equipment Total assets 12/31/2019 $34,000 18,000 25,000 6,000 -O- 60,000 (20,000) $123,000 12/31/2018 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and equity $17,000 36,000 40,000 30,000 $7,000 45,000 23,000 10,000 $85,000 $123,000