Jones Clothing Store presented the following balance sheet and income statement Jones Clothing Store Balance Sheet...

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Jones Clothing Store presented the following balance sheet and income statement Jones Clothing Store Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Cash $ 4,500 $4,000 2,500 $2,000 Marketable Securities $ Accounts Receivable $ 6,800 $ 7,200 Inventories $ 7,500 $ 8,000 Total current Assets $ 21,300 $ 21,200 Land $ Equipment $ 24,000 11,000 $ 12,000 $20,500 -3000 -3800 Accumulated Depreciation - Equip Building $ 70,000 $ 70,000 $(14,000) S (12,000) Accumulated Depreciation - Building Total Assets $ 108,500 $108,700 Liabilities and Stockholders' Equity Accounts Payable $ 7,800 $ 7,000 Wages Payable $ 1,050 $1,000 Taxes Payable $ 500 $1,500 9,350 $9,500 Total current liabilities $ Bonds payable Common Stock $ 30,000 $ 30,000 $32,000 $ 30,000 $ 21,000 $ 19,200 $ 16,150 $ 20,000 Additional paid in capital Retained earnings Total liabilities and stockholders equity $ 108,500 $ 108,700 LASA Jones Clothing Store Income Statement For the year ended December 31, 209 and 2018 Sales $ 38,000 Operating expense: Depreciation $ 2,800 $ 35,000 Other operating expenses Total $ 37,800 200 Operatinf income Gain on sale of land 800 Income before tax expense 1,000 Tax expense 500 Net income 500 Additional information: Dividends declared and paid $4,350 Land sold for cash $1,800 Equipment purchased for cash $3,500 Common stock sold for cash $3,800 Required: a. Prepare a statement of cash flows for the year ended December 31, 2019 using the indirect method. SS SSSSS $ $ Jones Clothing Store presented the following balance sheet and income statement Jones Clothing Store Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Cash $ 4,500 $4,000 2,500 $2,000 Marketable Securities $ Accounts Receivable $ 6,800 $ 7,200 Inventories $ 7,500 $ 8,000 Total current Assets $ 21,300 $ 21,200 Land $ Equipment $ 24,000 11,000 $ 12,000 $20,500 -3000 -3800 Accumulated Depreciation - Equip Building $ 70,000 $ 70,000 $(14,000) S (12,000) Accumulated Depreciation - Building Total Assets $ 108,500 $108,700 Liabilities and Stockholders' Equity Accounts Payable $ 7,800 $ 7,000 Wages Payable $ 1,050 $1,000 Taxes Payable $ 500 $1,500 9,350 $9,500 Total current liabilities $ Bonds payable Common Stock $ 30,000 $ 30,000 $32,000 $ 30,000 $ 21,000 $ 19,200 $ 16,150 $ 20,000 Additional paid in capital Retained earnings Total liabilities and stockholders equity $ 108,500 $ 108,700 LASA Jones Clothing Store Income Statement For the year ended December 31, 209 and 2018 Sales $ 38,000 Operating expense: Depreciation $ 2,800 $ 35,000 Other operating expenses Total $ 37,800 200 Operatinf income Gain on sale of land 800 Income before tax expense 1,000 Tax expense 500 Net income 500 Additional information: Dividends declared and paid $4,350 Land sold for cash $1,800 Equipment purchased for cash $3,500 Common stock sold for cash $3,800 Required: a. Prepare a statement of cash flows for the year ended December 31, 2019 using the indirect method. SS SSSSS $ $

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