Mr. Wizard's Magic Shoppe had the following condensed balance sheet at the end of operation for 2010:

Mr. Wizard's Magic Shoppe Balance Sheet December 31, 2010

Cash	$40,000
Other current assets	60,000
Total current assets	$100,000
Investments	$25,000
Fixed assets (net)	110,000
Land	$120,000
Total assets	$355,000

Current Liabilities	$35,000
Long-term Notes Payable	40,000
Bonds Payable	50,000
Capital Stock	150,000
Retained earnings	80,000
Total Liabilities and Equity	$355,000

During 2011, the following occurred Mr. Wizard's sold some of its investments for $13,000 which resulted in a gain of $300

after taxes. The gain (net of taxes) has been included in the company's 2011 net income.

Additional land for a plant expansion was purchased for $25,000.

Bonds payable were paid in the amount of $10,000.

An additional $35,000 in capital stock was issued.

Dividends of $15,000 were paid to stockholders.

Net income for 2011 was $48,000 after allowing for $15,000 in depreciation.

A second parcel of land was purchased through the issuance of $10,000 in bonds, and

$5,000 in long-term notes payable.

A. Prepare a statement of cash flows for the year ended 12/31/2011.

B. Prepare a condensed balance sheet for Mr. Wizard's at December 31, 2011.