Presented below are the comparative statements of financial position for Mann Company at December 31.

Additional information:
1. Operating expenses include depreciation expense $55,000 and charges from prepaid expenses of $4,400.
2. Land was sold for cash at cost.
3. Cash dividends of $84,290 were paid.
4. Net income for 2011 was $47,890.
5. Equipment was purchased for $80,000 cash. In addition, equipment costing $40,000 with a book value of $33,000 was sold for $37,000 cash.
6. 30,000 shares of $1 par value ordinary shares were issued for land with a fair value of $30,000.

Instructions
Prepare a statement of cash flows for 2011 using the indirectmethod.

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MARIN COMPANY Comparative Statements of Financial Position December 31 2010 $150,000 175.000 (42.000) 250.000 (50.000) 16.540 140.000 64.000 57,000 S760,540 2011 Assets Land Equipment Accumulated depreciation-equipment Building Accumulated depreciation-building Prepaid expenses Inventory Accounts receivable Cash $140,000 215.000 (70.000) 250.000 (70.000) 12.140 172.000 77,000 41.000 Total $767.140 Equity and Liabilities Share capital-ordinary. $1 par Retained carnings Bonds payable Accounts payable $280.000 164.140 265,000 58,000 S767.140 250.000 200.540 265,000 45,000 $760.540 Total