The following is a list of the items for Lombardo Company's 2019 statement of cash flows:

a.	depreciation expense, $4,100		g.	proceeds from issuance of note, $6,100
b.	proceeds from sale of land, $5,500		h.	gain on sale of land, $1,900
c.	payment of dividends, $5,000		i.	payment for purchase of building, $13,000
d.	net income, $8,000		j.	increase in accounts receivable, $2,800
e.	conversion of bonds to common stock, $7,000		k.	ending cash balance, $13,800
f.	increase in accounts payable, $3,000

Required:

Prepare the statement of cash flows. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.

4,100 -1,900 Adjustment for noncash income items: Add: Depreciation expense Less: Gain on sale of land Adjustments for cash flow effects from working capital items: Increase in accounts receivable -2,800 3,000 9,400 X 5,500 Increase in accounts payable Net cash provided by operating activities Investing Activities: Proceeds from sale of land Payment for purchase of building Net cash provided by investing activities Financing Activities: Payment of dividends Proceeds from issuance of note - 13,000 X -7,500 -5,000 6,100 1,100 Net cash used for financing activities Net increase in cash $ 4,400 x 9,300 x 13,800 Cash, January 1, 2019 Cash, December 31, 2019 Investing and Financing Activities Not Affecting Cash Financing Activities