The condensed income statement and comparative balance sheet of Donald Corporation as of December 31, 2019 and 2018, are provided below. Other financial data is also given.

INSTRUCTIONS
Prepare a statement of cash flows for the Donald Corporation for 2019. Additional information for the year that is pertinent to its preparation follows:
a. No items of property, plant, and equipment were disposed of during the year.
b. Paid cash for the additions to property, plant, and equipment during the year.
c. Paid $11,000 in dividends on the common stock in cash during the year.
d. Issued common stock at par value  for cash.
e. Paid cash to retire the long-term note payable.

Analyze: If Donald Corporation had written off an uncollectible account receivable of $5,500 during this fiscal period, what adjustment, if any, would be required on the statement of cash flows?

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Donald Corporatlon Condensed Income Statement Year Ended December 31, 2019 Revenues 68550 0 Costs and Expenses Cost of Goods Sold 430000 12600 0 1600 0 15900 1900 0 60690 0 7860 0 1965 0 58950 Salaries Expense Depreciation Expense Advertising Expense Utilities Expense Total Costs and Expenses Net Income Before Income Taxes Income Taxes Expense Net Income After Income Taxes Donald Corporatlon Comparative Balance Sheet December 31, 2019 and 2018 Assets 2019 2018 Cash 92250 57 150 50000 9000 135000 12|기000 3 16 400 82000 5 3000 55500 11500 110000 (1 1000 30 1000 Accounts Receivable (Net) Merchandise Inventory Prepaid Advertising Property, Plant, and Equipment Less Accumulated Depreciation Total Assets Liabilities and Stockholders' Equity Liabilities Accounts Payable 5 1450 5 5 00 4500 7500 80500 4000 6 000 6000 40000 136500 Salaries Payable Unearned Revenues Income Taxes Payable Note Payable-2021 Total Liabilities 6 8 950 Stockholders' Equity Common Stock ($2 par) 95000 152450 24 7450 3 16400 6 0000 |104500 Retained Earnings Total Stockholders' Equity 16 4 500 Total Liabilities and Stockholders' Equity 301000