$[$The following information applies to the questions displayed below.$]$

The following financial statements and information are available for Walton Industries Incorporated.Required information

$[$The following information applies to the questions alsplayed below.$]$

The following financlal statements and Information are avallable for Walton Industrles Incorporated.

Additional Information

Sold land that cost $$35,600$ for $$39,600.$

$2$ Sold equipment that cost $$27,300$ and had accumulated depreciation of $$23,200$ for $$21,000.$

Purchased new equlpment for $$222,000.$

Sold marketable securitles that were classlifed as avallable$-$for$-$sale and that cost $$46,300$ for $$81,300.$

Purchased new marketable securitles$,$ classified as avallable$-$for$-$sale, for $$120,600.$

Pald $$23\mathrm{.}000$ on the principal of the long$-$term note.

Pald off a $$102,900$ bond issue and issued new bonds for $$205,800.$

Sold $100$ shares of treasury stock at Its cost.

Issued some new common stock.

Issued some new $$50$ par preferred stock.

Pald dividends. $($Note: The only transactions to affect retained earnings were net Income and divdends.$)$

a$.$ Prepare the statement of cash flows for Walton Industrles using the direct method.

Note: Amounts to be deducted and cash outflows should be indicated by a minus sign.

Additional Information

Sold land that cost $$35,600$ for $$39,600.$

Sold equipment that cost $$27,300$ and had accumulated depreciation of $$23,200$ for $$21,000.$

Purchased new equipment for $$222,000.$

Sold marketable securities that were classified as available$-$for$-$sale and that cost $$46,300$ for $$81,300.$

Purchased new marketable securities$,$ classified as available$-$for$-$sale, for $$120,600.$

Paid $$23,000$ on the principal of the long$-$term note.

Paid off a $$102,900$ bond issue and issued new bonds for $$205,800.$

Sold $100$ shares of treasury stock at its cost.

Issued some new common stock.

Issued some new $$50$ par preferred stock.

Paid dividends. $($Note: The only transactions to affect retained earnings were net income and dividends

Prepare the statement of cash flows for Walton Industries using the direct method.

Note: Amounts to be deducted and cash outflows should be indicated by a minus sign.gs were net income and dividends.$)$