PLEASE HELP!

prepare a Statement of Cash Flows for Laughlin, Inc. for the year ended December 31, 2019. Remember, you must use formulas for all calculations or points will be deducted.

The comparative balance sheet for Laughlin, Inc. is shown below:

	December 31, 2019	December 31, 2018
Assets
Cash	73,250	63,500
Accounts Receivable	15,250	21,350
Merchandise inventory	23,450	18,000
Equipment	209,250	160,350
Less: Accumulated depreciation, Equipment	-57,450	-45,750
Total assets	263,750	217,450
Liabilities & Stockholders Equity
Accounts payable	16,500	19,000
Wages payable	2,000	2,700
Notes payable (long term)	56,300	71,000
Common Stock	40,000	28,000
Paid in Capital, common	63,950	37,900
Retained Earnings	85,000	58,850
Total liabilities & stockholders equity	263,750	217,450

Additional data:

a. Bought equipment for cash.

b. Paid $14,700 on the long term note payable

c. Issued new shares of stock for $38,050 cash.

d. Dividends of $650 were paid.

e. Income statement amounts: Net income = 26,800; Depreciation expense = 11,700

Instruction:

Prepare a statement of cash flows for the year ended December 31, 2019.

Use formulas with cell references to calculate increase and decreases to current assets and current liabilities, net cash flows provided by operating activities, net cash flows provided by investing activities, net cash flows provided by financing activities, increase in cash and ending balance in cash.

*CHECK FIGURE: Net cash flows provided by operating activities = $35,950.