Using this comparative balance sheet, prepare a statement of cash flows for the year ended December 31, 2019, using the indirect method.

Balance sheet Cash Accounts receivable Inventory Land Equipment Accumulated depreciation, equipment Total assets 31/12/2018 31/12/2019 225.000 412.500 300.000 435.000 675.000 825.000 450.000 0 982.500 1.087.500 -607.500 -712.500 2.025.000 2.047.500 Accounts payable Bonds payable Common stock Retained earnings Total liabilities + equity 112.500 187.500 1.275.000 450.000 2.025.000 90.000 75.000 1.350.000 532.500 2.047.500 Additional information Net income in 2019 Cash dividends paid during 2019 Land sold for Cost of land sold Common stock was issued at par value for cash 195.000 112.500 412.500 450.000