The following information was taken from the accounting records of the Magnolia Company: 2021 2020 $ $ Cash Accounts receivable, net Inventory Prepaid expenses Equipment Accumulated depreciation - equipment Land Patent 15,700 28,000 84,500 12,700 98,000 (50,000) 220,000 19,000 42,180 45,000 70,975 3,000 65,000 (30,000) 200,000 25,000 Total assets $ 427,900 $ 421,155 $ $ 23,500 10,275 16,425 17,500 Accounts payable Salaries payable Income taxes payable Notes payable Bonds payable Common stock APIC - common stock Retained earnings 31,250 15,500 14,905 17,500 15,000 1,000 224,000 102,000 1,025 243,975 115,200 Total liabilities and equity $ 427,900 $ 421,155 Additional Information: Net income was $15,250. Land costing $20,000 was purchased with the issuance of common stock. Equipment costing $20,000 (with a net book value of $7,000) was sold for $9,000. Fixed assets were properly depreciated and intangible assets were properly amortized. . . Required Prepare a statement of cash flows in good form