Wagner Company had the following activities for the year ended December 31. 2004: Sold land for cash at its cost of $15,000. Purchased $80,000 of equipment, paying $75,000 in cash and the rest on a note payable. Recorded $3,000 in depreciation expense for the year. Net income for the year was

$ 1 0,000. Prepare the operating and investing sections of a statement of cash flows for the year based on the data provided.