Balance Sheet and Income Statement information is provided below for the Custom Ski Company. Balance Sheet Information Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Patents Total Assets 12/31/19 $ 45,785 21,835 71,320 105,000 (65,700) 15.000 $193,240 12/31/18 $ 39,060 28,950 83,070 80,000 (62,000) 3,000 $172,080 Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 36,900 35,000 90,000 31,340 $193,240 $ 78,575 20,000 45,000 28,505 $172,080 Income Statement Information for the Year Ended December 31, 2019 Revenue $408,365 Expenses (362,830) Depreciation 3,700) Net Income $ 41,835 Additional information for the year 2019: 1. Additional equipment was purchased for $25,000. 2. A patent was purchased from a competitor for $12,000 3. $45,000 of additional common stock was issued. 4. Dividends were declared and paid in the amount of $39,000 5. An additional long-term loan of $15,000 was taken out. Required: Prepare a statement of cash flows for the year ending December 31, 2019.

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