5. The income statement for Chin Consulting is shown below. Assume that all revenues and expenses were for cash and that land was sold for $48,000. There were no other investing or financing activities during the year. The cash balances at the beginning and end of the year were $63,000 and $142,000. Prepare a statement of cash flows. Chin Consulting Income Statement For the Year Ended December 31, 20- Sales (all cash) Wages expense (all cash) Operating income Gain on sale of land Net income $112,000 81.000 $ 31,000 7.000 $_38.000