Fun Corporation had the following financial data related to the period ending December 31, 2016:

December 31

2016 2015

Cash $142,740 $46,080

Accounts Receivable 126,360 58,800

Inventories 146,250 123,420

Long-term investments 111,800 112,800

Equipment 351,000 291,000

Accumulated Depreciation (65,000) (62,400)

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$813,150 $569,700

Accounts Payable $130,000 $80,760

Taxes Payable 21,450 20,400

Bonds Payable 97,500 132,000

Common shares 260,000 210,000

Retained Earnings 304,200 126,540

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$813,150 $569,700

Sales $479,892

Cost of goods sold $161,644

Depreciation Expense 58,800

Other cash expenses 17,374

Income tax expense 10,185

Interest expense 3,822

Loss on sale of equipment 16,800 268,625

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Net income $211,267

Notes:

1. There was no gain or loss on the long term investments sold or the bonds retired
2. Old Equipment with an original cost of $74,100 was sold for $2,100
3. New Equipment was purchased for $135,100
4. Dividends of $33,607 were paid during the year
5. Additional shares of stock were issued during the year

Prepare a Statement of Cash Flows