5. Prepare a Cash Flow Statement work sheet for 20x2 for Evans Co. from the following Information: a. cash dividends $6,000 b. sold equipment for $2,880 with a loss of $2,520 Stock Included in the Income Statement c. Land acquired for $15,000 by issuing Common d. Preferred Stock was sold for $4,200 e. Depreciation expense $3.600 Income Statement 20x2 Sales $ 147,600 Cost of Goods Sold ( 90,000) Gross Margin 57,600 Operating Expenses ( 39,600) Net Income 18,000 Balance Sheets 20x1 20x2 Cash $32,400 $66,600 AR 19,800 22,080 Inv 28,800 19,800 P&E 46,800 36,000 ADpr (23,400) (21,600) Land 9,000 24,000 Total Assets $113,400 AP $ 14,400 Wages Pay. 1,800 $146,880 $21,600 1,080 Bonds Pay. 10,800 6,600 Pref Stk 1,800 6,000 Com Stk 18,000 21,600 Pd In Cap 18,000 29,400 Ret Earnings 48,600 70,600 Total Liabs And St Eq $113,400 $146,880