Comparative balance sheets for International Company are presented as follows.

Additional information:
1. Net income for 2019 was $135,000.
2. Cash dividends of $70,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $50,000 cash.
5. Depreciation expense was $24,000.
6. Sales revenue for the year was $978,000.
7. Land was sold at cost, and equipment was purchased for cash.
Instructions
Prepare a worksheet for a statement of cash flows for 2019 using the indirect method. Enter the reconciling items directly on the worksheet, using letters to cross-reference each entry.

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INTERNATIONAL COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment 2019 73,000 85,000 180,000 75,000 250,000 (66,000) 597,000 2018 22,000 76,000 189,000 100,000 200,000 (42,000) $545,000 Total Liabilities and Stockholders' Equity 34,000 150,000 214,000 199,000 597,000 S 47,000 200,000 164,000 134,000 $545,000 ints payable Bonds payable Common stock ($1 par) Retained earnings Total