A comparative balance sheet for Consumer Ltd. is presented as follows: Assets Dec 31/19 Dec 31/18 Liabilities & S/H Equity Dec 31/19 Dec 31/18 Cash $ 3,500 $ 4,900 Accounts payable $ 8,600 $ 5,700 Accounts receivable 11,200 8,100 Accrued expenses 500 800 Inventory 14,000 13,800 Bonds payable (long-term) 16,500 7,700 Equipment 52,000 31,900 Common shares 36,400 25,900 Accum. Depreciation (8,000) (10,000) Retained earnings 10,700 8,600 Total Assets $72,700 $48,700 Total Liabilities & S/H Equity $72,700 $48,700 Income Statement for the year 2019: Revenues: Sales $133,300 Expenses and other: Cost of goods sold $96,200 Other expenses 19,500 Depreciation expense 1,800 Loss on sale of old equipment 3,500 121,000 Net Income $12,300 During 2019, the company sold some of their old equipment. $30,000 of new equipment items were acquired by issuing common shares $8,000, and the balance paid with cash. Consumer Ltd. also issued bonds at par and paid dividends during the year. 5 Required: Prepare a Cash Flow Statement for the year 2019 in good format.