The comparative balance sheets and an income statement for Raceway Corporation follow.

Balance Sheets
As of December 31
	Year 2	Year 1
Assets
Cash	$72,531	$41,660
Accounts receivable	33,409	24,500
Inventory	154,992	170,490
Prepaid rent	2,390	4,780
Equipment	251,890	285,130
Accumulated depreciation	(144,490)	(238,480)
Land	196,120	83,220
Total assets	$566,842	$371,300
Liabilities
Accounts payable (inventory)	$67,027	76,030
Salaries payable	32,457	27,820
Stockholders equity
Common stock, $50 par value	250,000	201,000
Retained earnings	217,358	66,450
Total liabilities and equity	$566,842	$371,300

Income Statement
For the Year Ended December 31, Year 2
Sales	$1,501,000
Cost of goods sold	(797,732)
Gross profit	703,268
Operating expenses
Depreciation expense	(20,450)
Rent expense	(21,300)
Salaries expense	(253,770)
Other operating expenses	(256,840)
Net income	$150,908

Other Information

Purchased land for $112,900.

Purchased new equipment for $101,600.

Sold old equipment that cost $134,840 with accumulated depreciation of $114,440 for $20,400 cash.

Issued common stock for $49,000.

A) Write out by hand in good form the Full Statement of Cash Flows. Scan it and upload it as a pdf or a Word document.