STATEMENT OF CASH FLOWS Refer to Problem 23-9B. The following additional information was obtained from Kennington’s financial statements and auxiliary records for the year ended December 31, 20-2.

Acquired a new warehouse........$90,000

Bought new warehouse equipment.......60,000

Issued a note to the bank..........30,000

Issued additional common stock:

Par value...............30,000

Paid-in capital in excess of par........10,000

Declared and paid cash dividends.....20,000

REQUIRED

Prepare a statement of cash flows for Kennington for the year ended December 31, 20-2.