P5.6 (LO 2, 3) Excel (Preparation of a Statement of Cash Flows and a Balance Sheet) Lansbury Inc. had the following balance sheet at December 31, 2019. Cash Accounts receivable Investments Plant assets (net) Land Lansbury Inc. Balance Sheet December 31, 2019 20,000 Accounts payable 21,200 Notes payable (long-term) 32,000 Common stock 81,000 Retained earnings 40,000 $194,200 $ 30,000 41.000 100,000 23,200 $194,200 During 2020, the following occurred. 1. Lansbury Inc. sold part of its debt investment portfolio for $15,000. This transaction resulted in a gain of $3,400 for the firm. The company classifies these investments as available-for-sale. 2. A tract of land was purchased for $13,000 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 of $8,200 were declared and paid to stockholders. 6. Net income for 2020 was $32,000 after allowing for depreciation of S11,000. 7. Land was purchased through the issuance of $35.000 in bonds. 8. At December 31, 2020, Cash was $37,000, Accounts Receivable was $41.600, and Accounts Payable remained at $30,000 Instructions X a. Prepare a statement of cash flows for 2020