Use the Comparative Balance Sheet you prepared in Phase #2 and the following additional information to prepare the Statement of Cash Flows for the month of January 2019. Use the indirect method to prepare the operating activities section.

Issued 10,000 new shares of common stock in exchange for a piece of land. The stock was selling on the market at an average price of $10 per share on the date of sale and the par value of the stock was 50 cents.

Purchased land with a cost $250,000. A down payment was made in the amount of $50,000 cash and a 10% 5-year note payable was signed for the difference.

Purchased additional store equipment for $50,000 paying cash.

The $10,000 notes receivable was related to the sale of merchandise inventory to a credit customer this period. Hint: The increase in notes receivable should be reported as an addition to the operating activities section of the statement of cash flows.

Issued bonds with a face amount of $800,000 at 97. Hint: The amortization of the bond discount in the amount of $100 should be reported as an addition to the operating activities section.

Used the cash proceeds from the bond issue to pay off the mortgage payable of $200,000.

The company repurchased 20,000 shares of its common stock on the open market for $9 per share.

The company reissued 12,000 of the treasury shares at a price of $15 per share.

Issued 1,500 shares of preferred stock at $105 per share.

Paid cash dividends of $31,060 to preferred and common stockholders.

That is my income sheet and comparitive balance sheet for January, 2019. Statement of cash flows (Indirect method) with this information and .operating activity above

Income Statement For Month of January, 2019 Less Sales discount Sales returns and allowances 3000 3800 135200 Cost of Goods Sold Storess General and Adminstrative expenses Total General and Adminstrative10010 expense Other Revenues and Gains