(Prepare a statement of cash flows, LO 1) You have been provided the following cash flow activities about Arcola Inc. for the year ended December 31, 2014. Organize this information into a statement of cash flows. Use Leon’s statement in Exhibit 2.1 as a model. Be sure to provide a reconciliation to the cash balance on December 31, 2014:

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Cash balance on December 31, 2013 $28,000 Cash balance on December 31, 2014 ? Cash from operations 110,000 Dividends paid to shareholders 25,000 Sale of commons shares to new investors 200,000 Purchase of new equipment 80,000 Sale of land 35,000