Terry Company’s income statement and comparative balance sheets at December 31, 2019 and 2018, are as follows:

Cash dividends of \($17,000\) were declared and paid during 2019. Plant assets were purchased for cash, and, later in the year, additional common stock was issued for cash. Investments costing \($10,000\) were sold for cash at a \($1,000\) loss.
Required

a. Calculate the change in cash that occurred during 2019.

b. Prepare a 2019 statement of cash flows using the indirect method.

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Sales revenue. Dividend income.. Cost of goods sold. Wages expense Advertising expense. Depreciation expense. Income tax expense Loss on sale of investments Net income.. TERRY COMPANY Income Statement For Year Ended December 31, 2019 $233.000 $385.000 5,000 390,000 82.000 10,000 11,000 17,000 1,000 354.000 $ 36,000