The following selected information is available for Jones & Co. Ltd., for the year ended 31 December 20X8:

Other Information:

1. Equipment with an original cost of $100,000 was sold for cash.

2. Other equipment was bought for cash.

3. There is no income tax expense.

4. Cash dividends were paid during the year as well as a $50,000 stock dividend that reduced retained earnings and increased common shares.

Required:

Present, in good form, the operating, investing, and financing section of the SCF for the year ended 31 December 20X8 as far as possible. Also list the non-cash transactions that would be separately disclosed. You have not been provided with enough information (cash, other assets, and liabilities) to balance the SCF to the change in cash.

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Statement of Comprehensive Income For year ended 31 December 20x8 Sales $1,200,000 Gain on sale of equipment 9,000 $1,209,000 Cost of goods sold 750,000 expenses, including $90,000 132,000 Operating depreciation of Loss on sale of land 30,000 Net earnings and comprehensive income 297,000 Selected Asset, Llability, and Equity Accounts As of 31 December 20X8 20X7 Inventory $ 112,000 $ 84,000 Equipment 1,100,000 920,000 Accumulated depreciation, equipment (644,000) (632,000) Land 400,000 500,000 Notes payable (long-term) (120,000) (160,000) Common shares (980,000) (830,000) Retained earnings (704,000) (612,000) "Brackets denote a credit balance.