Use the indirect method to prepare the cash flow statement for Bird Industries for the year 2019. Shark Enterprises, Inc. Balance Sheet 2018 2019 Cash $1,000 $1,300 Accounts receivable 8,000 9,000 Inventories 4,000 7,000 Land 10,000 10,000 Other fixed assets 5,000 5,500 Accumulated depreciation (1,600) (2,000) Total assets $26,400 $30,800 Accounts payable $4,200 $7,000 Bonds 4,000 4,000 Common stock 15,000 16,000 Retained earnings 3.200 3.800 Total debt and equity $26,400 $30,800 Shark Enterprises, Inc. Income Statement For the period ended 12/2019 Sales $44,900 Cost of goods sold (22,000) Gross profit $12,900 Operating expenses (10,000) Depreciation (400) EBIT $2,500 Interest expense (500) EBT $2,000 Taxes (1,000) Net Income $1,000