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1. Net income for 2019 was $22,200. 2. Cash dividends of $6,100 were declared and paid during 2019 . 3. Long-term investments with a cost of $28,600 were sold for cash at a gain of $4,100. Additional iong-term investments were purchased for $14,400 cash. 4. Equipment with a cost of $14,800 and accumulated depreciation of $13,500 was sold for $3,800 cash. New equipment was purchased for $27,350 cash. 5. Depreciation expense was $18,900. 6. A principal payment of $28,500 was made on long-term notes. 7. Common stock was sold for 531,500 cash. apare a statement of cash flows for Erie, using the indirect method to compute net cash flow from operating activities. Use a minus sign to indicate any decreases in sh or cash outflows. If an answer is zero, enter "0". Erie Company Statement of Cash Flows For the year ended December 31,2019 Cash fiows from operating activities: Adjustments to reconcile net income to net cash provided by operating activitles: Nec casn provide oy operaung activitues Cash flows from investing activities: Adjustments to reconcle net income to net cash provided by operating activities: Net cash provided by operating activities Cash flows from investing activities: Net cash used for investing activities Cash flows from financing activities: Net cash used for financing activities Cash, 1/1/2019 Cash, 12/31/2019

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