(Learning Objective 4: Preparing a statement of cash fl ows) Lanos Medical, Inc., ended 20X5 with cash of $25,000. During 20X6, Lanos earned net income of $95,000 and had adjustments to reconcile net income to net cash provided by operations totaling $20,000

(this is a negative amount).

Lanos paid $35,000 to purchase equipment during 20X6. During 20X6, the company paid dividends of $15,000.

Prepare Lanos’ statement of cash fl ows for the year ended December 31, 20X6, complete with its proper heading.