I. Statement of Cash Flows Using the Information below, prepare in good form a Statement of Cash Flows forCanonation an the following page. Information from the December 31, 2012 and 2011 balance sheets o Corporation are presented below. 201 Cash 30,000 50,000 15,000 ent Accrued Liabilities 500 ble 550,000 Retained Eamings Additional information about 2012 transactions and events () Net income was $110,000 b) Depreciation expense on buildings and equipment was $80,000. (c) Sold equipment with a cost of $50,000 and accumulated depreciation of $30,000 for cash of $17,000. (d) Declared and paid cash dividends of $60,000 (e) Issued a $150,000 long-term note payable for buildings and equlipment ( Purchased long-term investments for $25,000 (g) Paid $300,000 on the bonds payable. (h) Issued 20,000 shares of $2 par value comman stock for $200,000. 0) Purchased land for $280,000