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Statement of cash flows preparation. Selected financial statement information and additional data for Jordan Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2016 December 31 2015 2016 Land 63,800 21,000 Equipment 504,000 789,600 Inventory 173,000 201,600 Accounts receivable (net) 84,000 151,200 Cash 32,000 63,000 TOTAL 856,800 1,226,400 Share capital-ordinary 420,000 487,200 Retained earnings 67,200 205,800 Notes payable - Long-term 168,000 302,400 Notes payable - Short-term (trade) 67,200 29,400 Accounts payable 50,400 86,000 Accumulated depreciation 84,000 115,600 TOTAL 856,800 1,226,400 Retained earnings 67,200 205,800 Notes payable - Long-term 168,000 302,400 Notes payable - Short-term (trade) 67,200 29,400 Accounts payable 50,400 86,000 Accumulated depreciation 84,000 115,600 TOTAL 856,800 1,226,400 *Additional data for 2016: 1. Net income was 215,200. 2. Depreciation was 31,600. 3. Land was sold at its original cost. 4. Dividends of 76,600 were paid. 5. Equipment was purchased for 84,000 cash. 6. A long-term note for 201,600 was used to pay for an equipment purchase. 7. Ordinary shares were issued to pay a 67,200 long-term note payable