Additional information: 1. Equipment with an original cost of $135,000 and accumulated depreciation of $60,000 was sold. The firm also paid cash for some new equipment. 2. Land with a cost of $120,000 was sold for $150,000. The remaining land was Revalucd upwards by $90,000. 3. Rquipment to the value of $30,000 and buildings to the value of 560,000 were acquired ith the additional borrowng from the bank. REQUIRED: Complete the following cash flow satement using the direct method