Prepare a Statement of Cash Flow

The following information is provided for the Waif Corporation. Balance Sheets December 31, 20XX December 31, 20XW Assets Cash Accounts receivable Inventory Land Plant and equipment Less: Accumulated depreciation $54,500 64,800 142,200 60,000 $17,400 52,200 149,300 87,000 206,000 55,000 158,000 33,000 Net plant and equipment 151,000 125,000 Total assets $472,500 $430,900 Liabilities and Equity Accounts payable Bonds payable Common stock Retained earnings $27,000 118,000 170,000 157,500 37,000 158,000 130,000 105,900 Total liabilities and shareholders' equity $472,500 $430,900 During 20XX, the following occurred: 1. Net income was $91,000. 2. Bonds were retired by issuing new common stock. 3. No equipment was sold. 4. Cash dividends were paid