Albion Construction Company had the following transactions during the year ended December 31, 2019:

Net Loss ($25,000)

Gain on sale of land $11,000

Depreciation $32,000

Cash Payment of dividends $25,000

Increase in accounts receivable $55,000

Decrease in inventories $18,000

Increase in Notes payable $37,000

Decrease in deferred income taxes $6,500

Decrease in salaries payable $5,200

Proceeds on Sale of Machinery $297,000

Repayment of bonds $268,000

Issuance of Common shares $100,000

Proceeds on sale of land $150,000

Required:

Prepare a cash flow statement for the year 2019. (20 marks)