Wagner Company had the following activities for the year ended December 31, 2011: Sold land for cash at a cost of $16,000. Purchased $81,000 of equipment, paying $76,000 in cash and the rest on a note payable. Recorded $2,500 in depreciation expense for the year. Net income for the year was $11,000. Prepare the operating and investing sections of a statement of cash flows for the year based on the data provided.