Prepare a statement of cash flow given the following:

	Current Year	Preceding Year
Cash	44,000	50,000	(6,000)
Accounts receivable	2,000	1,000	1,000
Supplies	100	500	(400)
Investments		70,000	(70,000)
Land	60,000		60,000
Equipment	158,000	102,000	56,000
Accumulated Depreciation	(58,000)	(50,000)	(8,000)
	206,100	173,500	32,600
Accounts payable	2,000	3000	(1,000)
Accrued expenses	2500	2000	500
Dividends payable	500	700	(200)
Common Stock	45000	20000	25,000
Paid in Capital	110000	90000	20,000
Retained Earnings	46100	57800	(11,700)
	206,100	173,500	32,600
The Investments were sold for $95,000 cash.
Equipment and land were purchased for cash.
There were no disposalsof equipment durtng the year.
The stock was issued for cash.
Retained earnings was debited for $50,000 for dividends declared.
There was a $38,300 credit to retained earnings for net Income.