I need help solving this problem.

Cerritos Manufacturing

Comparitive Balance Sheet

December 31, 2010 and December 31, 2009

2009

2010

Assets

Cash

112,500

350,000

Accounts Receivable

350,000

281,250

Inventories

125,000

150,000

Plant and Equipment

1,000,000

1,025,000

Accumulated Depreciation

(500,000)

(525,000)

Land

500,000

718,750

Total Assets

1,587,500

2,000,000

Liabilites and Equity

Accounts Payable

300,000

237,500

Mortgage Payable

-

250,000

Common Stock

75,000

75,000

Contributed Capital in excess of Par

300,000

300,000

Retained Earnings

912,500

1,137,500

Total Liabilities and Equity

1,587,500

2,000,000

Income Statement

For the Year Ended December 31, 2010

Revenues

1,200,000

Gain on Sale of Equipment

50,000

Less: COGS

(640,000)

Less: Depreciation Expense

(125,000)

Less: Interest Expense

(35,000)

Net Income

450,000

Other Information:

a) Equipment with a book value of $125,000 was sold for $175,000

(original Cost was 225,000)

b) Dividends of $225,000 were declared and paid.

Prepare a statement of cash flows

	-