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The net changes in the statement of financial position accounts of Keating Corporation for the year $2019$ are shown below.

Account Debit Credit

Cash $82,000$

Short$-$term investments $121,000$

Accounts receivable $83,200$

Allowance for doubtful accounts $13,300$

Inventory $74,200$

Prepaid expenses $17,800$

Investment in subsidiary $($equity method$)20,000$

Plant and equipment $210,000$

Accumulated depreciation $130,000$

Accounts payable $80,700$

Accrued liabilities $21,500$

Deferred tax liability $15,500$

$8\%$ serial bonds $80,000$

Share capital$-$ordinary, $$10$ par $90,000$

Share premium$-$ordinary $150,000$

Retained earnings$$Appropriation for bonded indebtedness $60,000$

Retained earnings$$Unappropriated $38,000$

$643,600643,600$

An analysis of the Retained Earnings$$Unappropriated account follows:

Retained earnings unappropriated, December $31,20181,300,000$

Add: Net income $327,000$

Transfer from appropriation for bonded indebtedness $60,000$

Total $1,687,000$

Deduct: Cash dividends $185,000$

Share dividend $240,000425,000$

Retained earnings unappropriated, December $31,20191,262,000$

$1.$ On January $2,2019$ short$-$term investments $($classified as non$-$trading$)$ costing $121,000$ were sold for $155,000.$

$2.$ The company paid a cash dividend on February $1,2019.$

$3.$ Accounts receivable of $16,200$ and $19,400$ were considered uncollectible and written off in $2019$ and $2018,$ respectively.

$4.$ Major repairs of $33,000$ to the equipment were debited to the Accumulated Depreciation account during the year. No assets were retired during $2019.$

$5.$ The wholly owned subsidiary reported a net loss for the year of $20,000.$ The loss was recorded by the parent.

$6.$ At January $1,2019,$ the cash balance was $166,000.$

Instructions

Prepare a statement of cash flows $($indirect method$)$ for the year ended December $31,2019.$ Keating Corporation has no securities which are classified as cash equivalents

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