Selected financial statement information and additional data for Allison Prepare a statement of cash flows for the year ending December 31, 2019 Enterprises is presented below. Allison Enterprises Balance Sheet and Income Statement Data December 31, December 31, 2019 2018 Current Assets: Cash Accounts Receivable Inventory $163,000 228,000 391,000 782,000 $119,000 306.000 765,000 1,122,000 Total Current Assets Property, Plant, and Equipment Less: Accumulated Depreciation Total Assets 1,241,000 (476,000) 442,000) Current Liabilities: $102,000 Accounts Payable Notes Payable $177,000 51,000 76 Income Tax Payable Total Current Liabilities 313,000 246,500 Bonds Payable Total Liabilities 637.500 Stockholders' Equity: Common Stock 510,000 374,000 467,500 340,000 Retained Eanings Total Stockholders' Equity Total Liabilities & Stockholders' Equity $1.445,000 Sales Less Cost of Goods Sold Gross Profit Expenses and Losses 1,615,000 731.000 884,000 $1,513,000 731,000 782,000 Depreciation Expense 153,000 391,000 136,000 357,000 34,000 Salary Expense Interest Expense Loss on Sale of Equipment Income Before Taxes Less Income Tax Expense Net Income 294,000 118,000 255,000 Additional Information: uring the year, Allison sold equipment with an original cost of $153,000 and accumulated depreciation $119,000 and purchased new equipment for $272,000