The following changes in account balances and other information for 2007 were taken from the accounting records of the Gordon Company:

Other information: Net income totaled $5,800. Dividends were declared and paid. Equipment was purchased for $8,800. No buildings and equipment were sold during the year. One hundred shares of common stock were sold for $55 per share. The ending cash balance was $4,200.
Required
Using visual inspection, prepare a 2007 statement of cash flows for the GordonCompany.

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Net Changes for 2007 Debit Credit Cash Accounts receivable Inventory Buildings and equipment Accumulated depreciation Accounts payable Common stock, no par Retained earnings 1,000 S 1,100 2,000 8,800 2,900 900 5,500 3,200 $12,700 $12,700