The following 2016 information is available for Payne Company:

		Comparative Balance Sheets
		January 1, 2016		December 31, 2016
Cash		$400		$600
Accounts receivable		220		200
Inventory		370		610
Land		250		410
Equipment		2,070		2,200
Less: Accumulated depreciation		(310)		(400)
Total Assets		$3,000		$3,620
Accounts payable		$800		$500
Notes payable (long-term)		900		720
Common stock, no par		600		1,000
Retained earnings		700		1,400
Total Liabilities and Shareholders' Equity		$3,000		$3,620

Partial additional information: The net income for 2016 totaled $1,600. During 2016, the company sold, for $390, equipment that cost $390 and had a book value of $300. The company sold land for $200, resulting in a loss of $40. The remaining change in the Land account resulted from the purchase of land through the issuance of common stock.

Making whatever additional assumptions that are necessary, prepare a spreadsheet to support the 2016 statement of cash flows for Payne.