kindly solve the following

The statements of financial position for Mero Company showed the following information. Additional information concerning transactions and events during 2016 are presented below. Mero Company Statements of Financial Position December 31 2016 2015 Property, plant & equipment $236,500 $150,000 Accumulated depreciation (37,700) (25,000) Land 0 15,000 Inventory 35,000 42,000 Accounts receivable (net) 43,300 20,300 Cash 30,900 10.200 Total $308,000 $212,500 Share capital-ordinary $130,000 $ 90,000 Retained earnings 70,000 29,000 Long-term notes payable 70,000 50,000 Accounts payable 21,000 17,000 Salaries payable 17,000 26.500 Total $308.000 $212.500 AR 26,500 $212,500 Salaries payable 17.000 Total $308,000 Additional data: 1. Net income for the year 2016, S76,000. 2. Depreciation on plant assets for the year, S12,700. 3. Sold the land at original cost. 4. Paid dividends of $35,000. 5. Purchased machinery costing $26,500, paid cash. 6. A long-term note for $60,000 was used to pay for a machinery purchase. 7. Ordinary shares were issued to pay a $40,000 long-term note payable. Required: 1. Prepare a statement of cash flows for 2016 for Mero Company. II. Briefly comment on whether or not Mero Company was efficient in maintaining its cash position. (Hint: You need to comment on the results of the 3 sections in the cash flow statement)