The following information is from the accounting records of Khalid Company:
Statement of Earnings Data
For the Year Ended December 31, 2011
Sales€¦€¦€¦€¦€¦€¦€¦€¦€¦€¦€¦€¦€¦..$142,000
Cost of goods sold€¦€¦€¦€¦€¦€¦€¦€¦ (84,000)
Depreciation expense€¦€¦€¦€¦€¦€¦€¦€¦ (10,000)
Other operating expenses€¦€¦€¦€¦€¦€¦.. (34,000)
Earnings from operations€¦€¦€¦€¦€¦€¦.. 14,000
Gain on sale of investments€¦€¦€¦€¦€¦.. 6,000
Loss on sale of equipment€¦€¦€¦€¦€¦€¦. (2,000)
Net earnings€¦€¦€¦€¦€¦€¦€¦€¦€¦€¦€¦.. $ 18,000
Statement of Financial Position Data
as at December 31

        

Additional      data regarding the acquisition and disposal of capital assets:
1. Equipment with a cost of $30,000 and accumulated depreciation of $28,000 was sold for cash in 2011. (Hint: You have to determine the cash proceeds from the sale. To do so, remember that any difference between the net book value and the proceeds from the sale is a gain or loss, which is reported on the statement of earnings.)
2. New equipment was acquired during the year, and $50,000 of bonds payable were issued in full payment for it.
3. Other additions to property, plant, and equipment were purchased for cash.

Required:
Prepare a statement of cash flows for Khalid Company for the year ended December 31, 2011.

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2011 2010 Cash Accounts receivable Inventory Long-term investments Property, plant, and equipment Accumulated depreciation Total assets $ 68,000 24,000 32,000 18,000 154,000 (96,000) 200,000 38,000 20,000 100,000 42,000 $200,000 $ 80,000 34,000 28,000 Accounts payable Bonds payable Share capital Retained earnings Total liabilities and shareholders' equity 196,000 (78,000) $260,000 29,000 70,000 110,000 51,000 $260,000