Statement if cash flow

Problem 2. Statement of cash flows - 15 points. The balance sheets for Hafner Company showed the following information. 12/31/2019 12/31/2018 Change 30.900 10.200 20,700 43,300 20,300 23,000 35,000 42,000 (7,000) Cash Accounts Receivable (net) Inventory Long-Term Investments Property, Plant & Equipment Accumulated Depreciation 0 15.000 (15,000) 236,500 150,000 86,500 (37,700) (25,000) (12,700) 308,000 212,500 26,500 (9,500) 17,000 21,000 70,000 17.000 Accounts Payable Accrued Liabilities Long-Term Notes Payable Common stock Retained earnings 4,000 50,000 20,000 130,000 90,000 40.000 70,000 29,000 41.000 308,000 212,500 Additional transaction data for 2019: 1. Net income for the year, $76,000. 2. Depreciation on plant assets for the year $12,700. 3. Sold the long-term investments for $28,000 (assume gain or loss is ordinary). 4. Purchased machinery costing $26,500, paid cash. 5. Purchased machinery by issuing a $60,000 long-term note payable. 6. Paid a $40,000 long-term note payable by issuing common stock. Prepare the 2019 statement of cash flows for Hafner Company using the "Cash Flow Statement" tab in the Excel file provided