Question: I need cash flow statement using indirect method for year ended Dec 31, 2019. Thank you A comparative balance sheet for Jackson Guide Company, Inc.

I need cash flow statement using indirect method for year ended Dec 31, 2019. Thank you

A comparative balance sheet for Jackson Guide Company, Inc. appears below:

JACKSON COMPANY, Inc.

Comparative Balance Sheet

Dec. 31, 2019Dec. 31, 2018

Assets

Cash$112,000$5,000

Accounts receivable 25,000110,000

Supplies15,00010,000

Equipment35,00060,000

Accumulated depreciationequipment(10,000)(20,000)

Total assets$177,000$165,000

Liabilities and Stockholders' Equity

Accounts payable$43,000$20,000

Bank Loan (due in 2021)30,00045,000

Common stock60,00060,000

Retained earnings44,00040,000

Total liabilities and stockholders' equity$177,000$165,000

Additional information:

1.Net Income was $ 28,000 for the year ending December 31, 2019.

2Equipment (Vehicle) was sold during the year for $18,000. The original cost of the was $25,000 and the accumulated depreciation on the Vehicle at the time of sale was $15,000.

3.Cash dividends of $ 24,000 were declared and paid during the year.

4.Depreciation Expense was $5,000 in 2019.

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