Prepare a statement of cash flows and balance sheet

Pharoah Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,580 Land 31,610 Buildings 121,580 Equipment 91,610 Accum. depr.-buildings (31,580) Accum. depr.-equipment (11,000) Patents 41,580 Total $480,380 Current liabilities Bonds payable Common stock Retained earnings Total $151,580 101,580 181,610 45,610 $480,380 The following information is available for 2020. 1. Net income was $50,600. 2. Equipment (cost $21,580 and accumulated depreciation $9,580) was sold for $11,580. 3. Depreciation expense was $5,580 on the building and $10,580 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,580. 6. An addition to the building was completed at a cost of $28,580. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $51,610 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000