Ryan Company's bookkeeper prepared the following 2016 statement of cash flows:

After a thorough investigation, you have determined that the amounts of the correct. However, you notice several items that arc incorrectly classified and reported.
Required:
Next Level Prepare a corrected 2016 statement of cash flows tor Ryan.

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Flows of Cash Statement December 31, 2016 Sources finflows) of Cash Net Source from Operations 47, BOO 6,500 25,000 13,200 1,900 (16,400) (700) 9,500) Net income Add Cash receipt from sale of land inflow from issuing 10% bonds payable Depreciation expense Redudion in invenlory Less: Outflow to buy equipment Increase in prepoid expenses Cash (principal paid on long-lerm nole ordinary gain Total source from operations $ 65,800 Other Sources Inlows) of Cash Loss on sale of land Increase in accounts payable Cash from issuing preferred stock Patent amortizction expenso Total other sources of cosh $ 2,300 1,000 38,700 100 44,100 Sources (Financingl Not Affecting Cash Issuance of common stock for palent Total inflows of cash 11,000 $120,900 Uses (Outflowsl of Cash To purchase building Increase in accounts rece vable Fo $(62,000) 7,800) 7,100) r acquiring marketable securities Decrease in inccme laxes Totul uses of cash 78,300) Uses Investngl Not Affecting Cash Acquisition of patent by issuing common stock Nał inflow before dividends Less: Cash dividends 31,600 (24,0 Net Increase in Cash Cash, January 1, 2016 Cash 7,600 15,300 $ 22,900 r 31, 2016