West Point Lighthouse Corporation Comparative Balance Sheet Information December 31 2019 2018 Cash $75,495 $44,520 Accounts Receivable 27,195 32,550 245,490 195,825 Merchandise Inventory Equipment 147,630 107,100 67,620 42,840 Accumulated Depreciation 11:07 PM 4/11/2021 76 Sold cand Dand bonete When Bond sou Pogle Paid 67,620 42,840 Accumulated Depreciation Accounts Payable 53,865 49,875 6,300 9,450 Income Taxes Payable Common Shares 289,800 231,000 Retained Earnings 78,225 46,830 Additional information: 1. Equipment was purchased using $40,530 cash. 2. Issued 4,200 common shares for cash at $14 per share. A 11:07 PM 4/11/2021 Cash 7 Posts recond sold When Bond you 101 cash at $14 per share. 3. Declared and paid $92,400 of cash dividends during the year. 4. Net income for the year $123,795. 5. Depreciation expense $24,780. Required: Use the area below to prepare a cash flow statement for 2019 using the indirect method. Format BIE ( S X X = = = A 11:08 PM 4/11/2021 Bor necond Bond Sold When Bone CA Paid