Question: Please show all work and calculations. Thank you! Problem 1. (30 points, Selected financial statement information and additional data for Stanislaus Co. is presented below.

Please show all work and calculations. Thank you!
 Please show all work and calculations. Thank you! Problem 1. (30

Problem 1. (30 points, Selected financial statement information and additional data for Stanislaus Co. is presented below. Required: Prepare a statement of cash flows in good form for the year ending December 31, 2019. Cash Accounts receivable (net)..... Inventory -------- Land Equipment... TOTAL... Accumulated depreciation... Accounts payable Payroll taxes payable. Notes payable - long-term ... Common stock...... Retained earnings..-- ----------- TOTAL 2018 $42,000 84,000 168,000 58,800 504,000 $856.800 $84,000 40,400 10,000 235,200 420,000 67.200 $856.800 December 31 2019 $68,000 137,900 209,900 21,000 789,600 $1.226400 $115,600 79,000 7,000 331,800 487,200 205.800 $1.226400 Additional data for 2019: 1. Net income was $222,800. 2. Depreciation expense was $31,600. 3. Land that orignally cost $43,500 was sold for $40,000 cash. Additional land was purchased for cash. 4. Dividends of $84,200 were paid. 5. A long-term note for $201,600 was issued to pay for an equipment purchase. Other equipment was purchased for cash. 6. Common stock was issued to pay $67,200 on a long-term note payable. Additional cash repayments were made on the long-term note payable

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