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Statement of cash flows preparation Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31 2017. December 31 2016 2017 $60,000 144,200 206,600 26,000 789,600 S1.226.400 S110,600 91,000 29,400 302,400 487,200 205,800 $1.226.400 Cash S42,000 84,000 168,000 58,800 504,000 $856.800 S84,000 50,400 67,200 168,000 420,000 67,200 $856.800 Accounts receivable (net) Inventory Land Equipment TOTAL Accumulated depreciation Accounts payable Notes payable short-term Notes payable - long-term Common stock Retained earnings TOTAL Additional data for 2017 Net income was $230,200 $31,600 1 2 Depreciation was Land was sold at its original cost. 3. paid 4 Dividends of $91,600 were Equipment was purchased for $84,000 cash A long-term note for $201,600 Common stock was issued to pay a $67,200 long-term note payable. 5. equipment purchase 6 used to pay for an was 7