. Selected financial statement information and additional data for Peter Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2016.

December 31 2015 2016 Land e 63,800 e21,000 Equipment 504,000 789,600 Inventory 173,000 201,600 Accounts receivable (net) 84,000 151,200 Cash 32,000 62,800 TOTAL 856,800 1,226,200 Share capital-ordinary 420,000 487,200 Retained earnings 67,200 205,800 Notes payable - Long-term 168,000 303,000 Notes payable - Short-term (trade)67,200 29,200 Accounts payable 50,400 86,000 Accumulated depreciation 84,000 115,000 TOTAL 856,800 1,226,200 Additional data for 2016 : 1. Net income was 225,000. 2. Depreciation was 31,000. 3. Land was sold at its original cost. 4. Dividends of 76,000 were paid. 5. Equipment was purchased for 84,000 cash. 7. Ordinary shares were issued to pay a 67,200 long-term note payable. Peter Co. Statement of Cash Flows For the year ended December 31, 2016 \begin{tabular}{l} Net Income \\ Cash flow from operating activities: \\ Depreciation expense \\ Increase in accounts receivable \\ Increase in inventory \\ Increase in accounts payable \\ \hline Decrease in short-term notes payable \\ Net cash provided by operating activities \\ \hline Cash flow from investing activities: \\ \hline Purchase equipment \\ \hline Sale of land \\ Net cash used by investing activities \\ \hline Net increase in cash \\ \hline Cash at beginning of year \\ \hline Cash at end of the year \\ \hline \end{tabular}