Nature Gnome Company's comparative balance sheet and additional data are shown below. (Click the icon to view the comparative balance sheet.) Requirement (Click the icon to view the additional data.) Prepare the statement of cash flows for the year ended December 31, 2019, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities et and additional data are shown below. sheet Click the icon to view the additional data \. ed [ More info or 1. The income statement for 2019 included the following items: a. Net income, $487,000 b. Depreciation expense for the year, $22,200. c. Amortization on the bonds payable, $400. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $600,000, receiving cash of $598,000. 4. The company distributed 1,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Print Done - in a c Data table Nature Gnome Company Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent $ 1,408,480 $ 6,240 25,000 0 2,200 6,500 1,400 0 120 400 0 2,000 Property, Plant, and Equipment: Land 715,000 115,000 Building 448,000 73,000 Canoes 12,480 12,480 60.000 Print Done - in a de Data table vatives - 60,000 0 in a de (23,680) (1,480) $ 2,649,000 $ 214,140 Liabilities Office Furniture and Equipment Accumulated Depreciation-PP&E Total Assets Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable 6,720 $ 4,560 340 240 520 270 3,500 1,300 Notes Payable 14,000 0 Interest Payable 230 30 Unearned Revenue 1,300 750 Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Drint Dono 6,720 6,720 285,000 0 600,000 0 Data table - Unearned Revenue 1,300 750 in a de Long-Term Liabilities: Notes Payable 6,720 6,720 Mortgage Payable 285,000 0 Bonds Payable Discount on Bonds Payable Total Liabilities 600,000 0 (1,600) 0 916,730 13,870 Stockholders' Equity Paid-In Capital: Preferred Stock 450,000 0 Paid-In Capital in Excess of Par-Preferred 150,000 0 Common Stock 598,000 198,000 Paid-In Capital in Excess of Par-Common 80,000 0 454,270 2,270 Retained Earnings 1,732,270 200,270 Total Stockholders' Equity $ 2,649,000 $ 214,140 Total Liabilities and Stockholders' Equity Drint Done