The following changes in account balances were taken from Walson Company’s adjusted trial balance at the end of 2019:

In addition, the following information was obtained from the company’s records:
• Land was sold, at cost, for $1,900.
• Dividends of $4,000 were declared and paid.
• Equipment was purchased for $10,400.
• Common stock was issued for $9,000.
• Beginning cash balance was $17,000.

Required:
Using visual inspection and the direct method, prepare Walson’s 2019 statement of cash flows. (A separate schedule reconciling net income to cash provided by operating activities is not necessary.)

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Net Changes for 2019 Debit Credit $ 2,100 8,700 Cash Accounts Receivable $ 2,500 1,900 Inventory Land Buildings and Equipment Accumulated Depreciation Accounts Payable Salaries Payable Income Taxes Payable Common Stock, no par Retained Earnings 10,400 6,800 4,500 800 1,000 9,000 4,000 Sales 69,000 Cost of Goods Sold 34,000 17,200 6,800 3,300 $91,000 Salaries Expense Depreciation Expense Income Tax Expense Totals $91,000