Statement of cash flows preparation. Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2014 December 31 2013 2014 Cash. ........................................................ $42,000 $65,000 Accounts receivable (net). ....................... 84,000 144,200 Inventory. ................................................. 168,000 206,600 Land. ........................................................ 58,800 21,000 Equipment. ............................................... 504,000 789,600 TOTAL. ......................................... $856,800 $1,226,400 Accumulated depreciation. ...................... $84,000 $115,600 Accounts payable. .................................... 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 2014: 1. Net income was $220,200. 2. Depreciation was $31,600. 3. Land was sold at its original cost. 4. Dividends of $81,600 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.