Prepare the statement of cash flows using the following information: Acquisition of equipment 275,000 Decrease in salaries payable 1,000 Decrease in inventories 8,000 Decrease in deferred income tax 7,000 Acquisition of apartment building 300,000 Amortization of discount on bonds payable 3,000 Depreciation expense 25,000 Loss on sale of land 20,000 Dividends paid 10,000 Decrease in accounts payable 15,000 Decrease in accounts receivable 5,000 Net income 250,000 Cash at the end of the year 700,000 Monies paid to retire bonds 120,000 Proceeds from the sale of land 100,000 Issuance of bonds payable 170,000