Prepare a Statement of Cash Flows for the year ended Dec. 31, 2019, using the indirect method. Cash balance at prior year-end​​$42,000​Gain on sale of

Prepare a Statement of Cash Flows for the year ended Dec. 31, 2019, using the indirect method. Cash balance at prior year-end​​$42,000​Gain on sale of machinery​​$2,000​ Increase in inventory​​​$6,000​​Cash received from sale of machinery​$9,500 Depreciation expense​​​$4,000​​Increase in accounts payable​​$2,500 Cash received from issuing stock​$6,000​​Net income​​​​$23,000 Cash paid for dividends                              $1,000                 Decrease in accounts receivable​​$3,000 We bought a car for $40,000, nothing down, and signed a 4 year note for $40,000 to pay for it. Be sure to include totals for cash from operations, investing and financing.  Include what you think the cash balance on Dec. 31, 2019 is. Assume that we bought the car by signing the note on December 31, so there was no interest.

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