Blake Weaver, Cook Enterprises' controller, is preparing the financial statements for 2016. He has completed the comparative balance sheets and income statement, which follow, and has gathered this additional information:
€¢ On December 31, 2016, Cook sold a piece of equipment with an original cost of $25,000 for $30,000 cash. The equipment had a book value of $13,000.
€¢ On February 1, 2016, Cook issued $100,000 of common stock to raise cash in anticipation of the purchase of a new building later in the year.
€¢ On February 2, 2016, Cook took out a ten-year $75,000 long-term loan to provide the remaining funds needed to purchase the building.
€¢ On May 15, 2016, Cook paid $150,000 for the new building.
€¢ The company repaid $4,600 of the long-term debt before the end of the year.

Required
Using the direct method, prepare Cook Enterprises' statement of cash flows for 2016.

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Cook Enterprises Income Statement For the Year Ended December 31, 2016 $1,070,000 Cost of goods sold 30,000 7,400 175,000 6 nse Cook Enterprises Comparative Balance Sheets As of December 31 Property, plant, &equipment Net property, plant, & equipment Accounts payable earnin Total stockholders' equity Total liabilities & stockholders' equity $743,400