K Corp had the following information for the year ended 12/31/20XX

• The beginning balance in the Cash account was $24,000 The ending balance in the Cash account was $44,000
• Sold a piece of equipment for $10,000 cash. There was no gain or loss on the transaction
• Purchased a new piece of equipment for $65,000 using Note Payable
• Paid cash dividends of $7,000
• Received $2,000 in exchange for common stock
• Earned Net Income of $50,000
• Made a $43.000 cash payment on a Note Payable

Had a decrease in current assets other than cash of $20,000

Had a decrease in current liabilities of $17.000

• Paid cash dividends of $7,000
• Received $2,000 in exchange for common stock .

Earned Net Income of $50,000

• Made a $43.000 cash payment on a Note Payable
• Had a decrease in current assets other than cash of $20,000
• Had a decrease in current liabilities of $17,000
• Recorded depreciation expense of $5.000

Prepare the Statement of Cash Flows

Hint: Use all the information given. Include the Non-Cash Investing and Financing Section