Below are selected account balances at June 30, 20X1 and 20X2 for Synthesize Inc.

20x2 ($) 20x1 ($)

Cash 236,000 61,000

Accounts Receivable 8,000 12,000

Prepaid Insurance 5,000 10,000

Inventory 71,000 60,000

Accounts payable 7,000 10,000

Interest payable 6,000 1,000

Unearned revenue 17,500 12,500

Income taxes payable 5,000 5,000

Land 450,000 0

Equipment 339,000 400,000

Accumulated Depreciation-Equip. 120,000 130,000

(Note: Not all accounts are listed)

The following is the draft Statement of Comprehensive Income

Sales revenue $480,000

Cost of goods sold 268,000

Gross profit 212,000

Loss on sale of equip 10,000

Expenses

Salaries and wages 51,000

Depreciation 9,200

Rent 5,800

Interest 13,200

Income tax 11,800 91,000

Net Income Operations $111,000

Net Comprehensive Income $172,000

Other financial information in 20x2 for Synthesize Inc. is presented below:

1. Bought investment securities for $12,000 cash.
2. Borrowed $20,000 on a three-year notes payable (3%), on January 1, 20x2. Interest to be paid annually on January 1.
3. Sold machinery for cash and recorded a loss of $10,000 on the sale. This machinery was listed at gross amount of $100,000.
4. During the fiscal year 20x2, Synthesize purchased land for $450,000. The purchase was financed by a bank loan of $450,000.
5. The difference between Net income Operations and Net Comprehensive Income is from an unrealized increase in financial assets classified as FVOCI.

Required: Prepare a Statement of Cash Flows in