E1-23A. (Learning Objective 3, 4: Preparing a statement of cash flows) Gravity began 20X6 with $88,000 in cash. During 20X6, Gravity earned net income of $420,000, and adjustments to reconcile net income to net cash provided by operations totaled $60,000, a positive amount.

Investing activities used cash of $400,000, and financing activities provided cash of $68,000.

Gravity ended 20X6 with total assets of $260,000 and total liabilities of $115,000.

Requirement 1. Prepare Gravity’s statement of cash flows for the year ended December 31, 20X6. Identify the data items given that do not appear on the statement of cash flows. Also identify the financial statement that reports the unused items.