Use the following information and prepare a Statement of Cash Flows in good form

					Sept-Oct
Net Income						97000
Depreciation						40000
Purchased fixed assets paying cash						310000
Received $90,000 cash for issuance of notes payable						90000
Received $120,000 cash for issuance of common stock						120000
Paid $20,000 for purchase of treasury stock						20000
Ending cash balance						110000
Assets					2017	2016
Current assets:
	Cash				110000	20000
	Accounts receivable				75000	85000
	Inventory				100000	80000
Long-term assets
	Plant assets				430000	120000
	Accumulated depreciation				12000	9000
Total Assets					727000	314000
Liabilities
Current liabilities
	Accounts payable				32000	20000
	Accrued liabilities				86000	15000
Long-term liabilities
	Notes payable				90000	0
Total liabilities					208000	35000
Stockholders equity
Common stock					220000	100000
Retained earnings					219000	179000
Treasury stock					20000	0
Total stockholders equity					459000	279000
Total stockholders equity and liabilities					667000	314000