Zezulka Corporation's statement of financial position at the end of 2013 included the following items:

The following information is available for 2014:
1. Net income was $391,000.
2. Equipment (cost of $20,000 and accumulated depreciation of $8,000) was sold for $10,000.
3. Depreciation expense was $4,000 on the building and $9,000 on equipment.
4. Patent amortization expense was $3,000.
5. Current assets other than cash increased by $229,000. Current liabilities increased by $213,000.
6. An addition to the building was completed at a cost of $31,000.
7. A fair value-OCI investment in shares was purchased for $20,500 at the end of the year.
8. Bonds payable of S7 5,000 were issued.
9. Cash dividends of $ 180,000 were declared and paid. Dividends paid are treated as financing activities.
Instructions
(a) Prepare a statement of financial position as at December 31, 2014.
(b) Prepare a statement of cash flows for the year ended December 31, 2014.

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$1,105.000 Curren liabilities Current assets Land Building Equipment Accumulated depreciation-building Accumulated depreciation-equipment Intangible assets-patents Total $1,020,000 1,100,000 180,000 174,000 $2,474,000 30,000 1,120,000 320,000 Bonds payable Common shares Retained earnings (130,000) Total (11,000) 40,000 $2,474,000