Preparing a statement of cash flows for the following data below.

Here is the information:

Presented below are the comparative balance sheets for Gordon Company at December 31, 2013, and 2012.

GORDON COMPANY Comparative Balance Sheet December 31
	2013	2012
Cash	$ 113,500	$ 43,000
Accounts Receivable	63,000	56,000
Inventory	102,000	107,000
Prepaid Insurance	12,000	18,000
Land	136,000	120,000
Equipment	172,000	142,000
Accumulated Depreciation—Equipment	(46,000)	(33,000)
Building	200,000	200,000
Accumulated Depreciation—Building	(60,000)	(39,000)
	$ 692,500	$ 614,400
Accounts Payable	$33,000	$29,000
Bonds Payable	210,000	185,000
Common Stock, $1 Par	145,000	120,000
Paid-in Capital in Excess of Par	90,000	79,000
Retained Earnings	214,500	201,000
	$ 692,500	$ 614,000

Additional Information:

1. Land was sold for $28,000 cash. The land was also obtained through the issuance of common stock (see item 2). These are the only two transactions impacting land.

2. Land was obtained by issuing 25,000 shares of $1 par value common stock. The land had a fair value of $36,000.

3. Cash dividends of $86,500 were paid.

4. Net income for 2013 was $100,000.

5. Equipment was purchased for cash. In addition, equipment costing $32,000 with a book value of $12,000 was sold for $9,000 cash.