Lansbury Inc. had the balance sheet shown on the following page at December 31, 2009. LANSBURY INC. Balance Sheet December 31, 2009 Cash $20,000 Accounts Payable $30,000 Accounts Receivable 21,200 Long-term Notes Payable 41,000 Investments 32,000 Common Stock 100,000 Plant Assets (Net) 81,000 Retained Earnings 23,200 Land 40,000 $194,200 $194,200 During 2010 the following occurred: 1. Lansbury Inc. sold part of its investment portfolio for $15,000 This transaction resulted in a gain of $3,400 for the firm. The company classifies its investments as available-for- sale. 2. A tract of land was purchased for $18,000 cash. 3. Long-term notes payable in the amount of $16,000 were retired before maturity by paying $16,000 cash. 4. An additional $20,000 in common stock was issued at par. 5. Dividends totaling $8,200 were declared and paid to stockholders. 6. Net income for 2010 was $32,000 after allowing for depreciation of $11,000 7. Land was purchased through the issuance of $30,000 in bonds. 8. At December 31, 2010, Cash was $32,000 Accounts Receivable was $41,600 and Accounts Payable remained at $30,000 (a) Prepare a statement of cash flows for 2010