Wonder Wilderness Company's comparative balance sheet and additional data are shown below. Wonder Wilderness Company Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets Cash Short-term Investments, net 18,500 780,720 $ 28,000 1,600 600 Accounts Receivable, net 5,700 500 1,800 Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment: Land Building 85,000 141,000 17,280 Canoes Office Furniture and Equipment Accumulated DepreciationPP&E 285,000 1,316,000 17,280 90,000 (23,165) 2,496,155 $ (965) 268,815 $ Total Assets Liabilities S 8,660 $ 580 540 3,200 22,000 Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable 5,660 280 290 1,200 0 120 400 9,120 9,120 910,000 600,000 (960) 1,554,410 17,070 Discount on Bonds Payable Total Liabilities Stockholders' Equity Paid-In Capital: Preferred Stock Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 250,000 120,000 80,000 450,000 40,000 251,745 941,745 2,496,155 $ 1,745 251,745 268,815 $ 1. The income statement for 2019 included the following items: a. Net income, $435,000 b. Depreciation expense for the year, $22,200 c. Amortization on the bonds payable, $240. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $600,000, receiving cash of $598,800. 4. The company distributed 9,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Requirement Prepare the statement of cash flows for the year ended December 31, 2019, using the Indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero)