Statement of cash flows preparation

Selected financial statement information and additional data for Pie-Die Club Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2012.

December 31

	2011	2012
Cash	$42,000	$75,000
AR (net)	84,000	144,200
Inventory	168,000	201,600
Land	58,800	16,000
Equipment	504,000	789,600
TOTAL	$856,800	$1,226,400
Accumulated Depreciation	$84,000	$115,600
AP	50,400	86,000
Notes payable,Short-term	67,200	29,400
Notes payable,Long-term	168,000	302,400
Common Stock	420,000	487,200
Retained Earnings	67,200	205,800
TOTAL	$856,800	$1,226,400

Additional data for 2012:

1. Net income was $240,200

2. Depreciation was $31,600

3. Land was sold at its original cost.

4. Dividends of $101,600 were paid.

5. Equipment was purchased for $84,000 cash.

6. A long-term note for $201,600 was used to pay for an equipment purchase.

7. Common stock was issued to pay a $67,200 long-term note payable.