The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2019 appear as follows.

Net income of $34,000 was reported, and dividends of $13,000 were paid in 2019. New equipment was purchased and none was sold.
Instructions
Prepare a statement of cash flows for the year 2019.

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Lopez Inc. Statements of Financial Position Dec. 31, 2019 Jan. 1, 2019 $ 39,000 Inc./Dec. $ 22,000 $17,000 Inc. Assets Equipment Less: Accumulated depreciation-equipment (11,000) (17,000) 6,000 Inc. 88,000 3,000 Inc. Accounts receivable 91,000 32,000 Inc. Cash 45,000 13,000 $158,000 $112,000 Total Equity and Liabilities $ 80,000 20,000 Inc. Share capital-ordinary $100,000 Retained earnings 38,000 17,000 21,000 Inc. Accounts payable 20,000 15,000 5,000 Inc. $158,000 $112.000 Total