Module 7 Homework Problem 7-1 From the following information for Declan's Doodads, prepare a Statement of Cash Flows for the year ended December 31, 20X2. The land was acquired on March 31. 202 for cash. The additional common was sold on March 31, 20X2 for $1 per share. The comphiny did not sell any equipment during the year. All equipment purchased during the year was purchused for cash. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requires payments of $30,000 principal plus interest at 10% on June 30th of cach year