Given the Comparitive Balance Sheets, Income Statement and information below, prepare the Cash Flow Statement. Allen Inc Comparative Balance Sheets For the Year Ended December 31, 2011 2011 2010 CASH ACC RECEIVABLE INVENTORIES PREPAID EXP INVESTMENT LAND BUILDINGS ACC DEPRECIATION EQUIPMENT ACC DEPRECIATION INTANGIBLE ASSETS TOTAL ASSETS 52,925 148,000 161,000 3,900 18,000 75,000 231,000 (45,500) 79,865 (21,700) 9,600 712,090 60,925 157,250 150,500 2,900 43,000 62,500 231,000 (39,500) 83,615 (22,800) 12,000 741,390 116,875 72,850 ACC PAYABLE NOTES PAYABLE ACCRUED LIABILITIES INCOME TAX PAYABLE BONDS PAYABLE MORTGAGE PAYABLE COMMON STOCK, $1 PAR APIC - COMMON TREASURY STOCK RETAINED EARNINGS TOTAL LIAB AND EQUITY 66,875 37,850 2,500 10,000 105,000 165,000 200,000 45,000 (25,000) 104,865 712,090 155,000 175,000 170,000 25,000 (20,000) 46,665 741,390 Allen Inc Inconme Statement 31-Dec-11 825,000 460,000 365,000 235,000 130,000 SALES COGS GROSS MARGIN SELLING AND GA EXPENSES INCOME FROM OPERATIONS INTEREST EXP DIVIDEND INCOME LOSS OF DISPOSAL OF EQUIP GAIN ON SALE OF INVESTMENT INCOME BEFORE TAX INCOME TAX EXPENSE NET INCOME (27,500) 1,700 (1,150) 6,250 (20,700) 109,300 26,100 83,200 ADDITIONAL INFORMATION a Sold long-term investments that cost $35,000 for a GAIN of $6,250, made other investments in the amount of $10,000 b Purchased five acres of land to build a parking lot for $12,500. Sold equipment that cost $18,750 and that had accumulated depreciation of $12,650 at a loss of $1,150: purchased NEW equipment for $15,000. d Repaid Notes payable in the amount of $50,000: borrowed $15,000 for new Note. e Converted $50,000 of bonds payable into 3,000 shares of common stock. f Paid the Mortgage Payable account by $10,000. g Declared and paid Cash Dividends of $25,000. h Purchased TREASURY STOCK for $5,000