Comparative balance sheet data 2019 2018cash $ 39,835 $ 4,000accounts receivable 17,500 12,950dividends receivable 1,000 0inventory 42,000 35,000prepaid rent 3,000 12,000prepaid insurance 2,100 900office supplies 1,000 750long-term investments 20,000 30,000land 125,000 175,000building 350,000 350,000accumulated depreciation, building (105,000) (87,500)equipment 525,000 400,000accumulated depreciation, equipment (130,000) (112,000)patent 45,000 50,000 total assets $ 936,435 $ 871,100accounts payable $ 26,000 $ 30,000income taxes payable 5,000 4,000wages payable 5,000 3,000short-term notes payable 10,000 10,000dividends payable 1,500 0unearned income 500 2,000accrued liabilities 5,303 10,853long-term notes payable 60,000 70,000bonds payable 415,000 415,000common stock ($10 par) 290,000 220,000paid-in capital in excess of par 46,410 17,500retained earnings 106,722 88,747treasury stock (35,000) 0 total liabilities and equity $ 936,435 $ 871,100income statementsales revenue $1,160,000cost of goods sold ( 748,000)gross profit 412,000operating expenses ( 276,400)income from operations 135,600other revenues/expensegain on sale of land 8,000gain on sale of long-term investment 4,000dividend revenue 2,400interest expense (51,750) ( 37,350)income before taxes 98,250income tax expense ( 39,400)net income 58,850instructions: create a comparative balance sheet where you compute the dollar change in every account on the balance sheet. for the operating section (direct method)you are starting with sales, adjusting it for cash received from customers, then going directly down the income statement and doing the same with each item on the income statement. you will end up with the same answer for operating cash flow as derived using the indirect approach. be sure to consider all items labeled operating in your comparative balance sheet. you will have several items to adjust that will be slightly different than what is provided in the book. you will be expected to use your best judgment on thesefor the operating section (indirect method): start with net incomeadd back depreciation and/or amortization expenseadjust out anything included in net income that belongs in the investing or financing sectionadd or subtract accordingly all items you labeled as an operating activity from the balance sheet. i need the statement of cash flows/ direct method.