B. Selected financial statement information and additional data for Stanislaus Co. is presented below Prepare a statement of cash flows for the year ending December 31, 2016 December 31 2015 2016 $85,000 144,200 206,600 21,000 789,600 as $62,000 Inventory Land Equipment 168,000 58,800 504,000 TOTAL $856,800 $115,600 86,000 19,400 322,400 477,200 225,800 Accounts payable 50,400 420,000 67,200 5856,800 Common stock Retained earnings TOTAL Additional data for 2016 1. Net income is shown on the income statement below 2. Depreciation was $31,600 3. Land was sold at its original cost. 4. Dividends were paid 5. Equipment was purchased 6. A long-term note was issued 7. Common stock was issued 8. Company issued common stock. Income Statement For the year ended December 31, 2016 $1,200,000 480,000 720,000 360,000 360,000 120,000 240,000 Sales revenue Cost of goods sol.d... Gross profit Pre-tax operating income Income taxes Net income Prepare a balance sheet in proper form Prepare the statement of cash flow using the indirect method a. b