Equipment was purchased for $650,000. The patent was sold at the end of the yearCreate a statement of cash flows using the information.

Cash Investments Fair value adjustment Accounts Receivable Allowance for Doubtful Accts Prepaid Rent Inventory Land Building Equipment Accumulated Depreciation Patent Investment in Pencil Corporation Accounts Payable Net Pension Obligation Bonds Payable Premium on B/P Common stock Other Comprehensive Income-Pension OCI-Actuarial Gain Retained Earnings Treasury stock Cash Dividends Stock Dividends Sales Sales Returns & Allowances Dividend Revenue Cost of Goods Sold Salaries Expense Interest Expense Pension Expense Depreciation Expense Gain on Sale of Patents Warranty Expense Loss on sale of equipment Rent Expense Patent Amortization Unrealized gain on TS Equity investment income Asset Retirement Obligation Accretion Expense Bad Debt Expense Wage Payable Deferred Revenue DR 199,061 530,000 16000 350,000 15,000 600,000 807,000 800,000 994,556 40,000 2,292,500 360,000 80,000 100,000 20,000 150,000 1,400,000 354,500 27,027 520,000 184,456 10,000 20,000 15,000 10,000 1421 27500 CR 17,500 506,823 321,000 520,000 1,000,000 341582 370,000 10000 4,093,268 1,878,659 75,000 10000 225000 29848 4000 521341 9,924,021 9,924,021