Prepare the Cash Flow Statement for MindBender for the year ended, December 31, 2019.

Mindbender, Inc. Income Statement For the Year Ended, Dec 31 Mindbender, Inc. Balance Sheet December 31 2019 2018 Net Sales Cost of Goods Sold $200,000 $110,000 ASSETS Current Assets: $ $ $ $ $ $ Gross Profit Salaries & Wages Expense Travel Expense Admin Expense Depreciation Expense Total Operating Expenses Net Income $90,000 $10,000 $12,000 $28,000 $15,000 $65,000 $25,000 Cash Accounts Receivable (net of allow.) Inventory Total Current Assets Property & Equipment Less: Accumulated Depreciation Total Assets $ 50,000 80,000 60,000 190,000 110,000 (30,000) 270,000 $ 72,000 70,000 65,000 207,000 60,000 (15,000) 252,000 $ $ $ $ $ $ $ 10,000 $ 12,000 $ 2,000 $ 1,000 Mindbender, Inc. Income Statement For the Year Ended, Dec 31 LIABILITIES Accounts Payable Salaries & Wages Payable Total Current Liabilities Notes Payable Total Liabilities $ 12,000 $ 13,000 $ 50,000 60,000 73,000 $ 62,000 $ Beginning Retained Earnings 2019 Net Income Dividends Ending Retained Earnings 2019 $99,000 $25,000 $16,000 $108,000 $ $ $ $ STOCKHOLDERS' EQUITY Common Stock Additional Paid-in Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Equity $ 9,000 91,000 108,000 208,000 270,000 $ 8,000 72,000 99,000 179,000 252,000 $ $ $ $