The records of Rangler Paper Company provided the selected data given below for the reporting period ended 31 December 20X5.

Statement of financial position data

Paid cash dividend....................... $ 10,000

Established restricted construction cash fund ( a long- term

investment) to build a new building ...............60,000

Increased inventory of merchandise ...............14,000

Borrowed on a long- term note ...............25,000

Acquired five acres of land for a future site for the company; paid in

full by issuing 3,000 shares of Rangler common shares, when the

quoted market price per share was ...............$ 15 45,000

Increase in prepaid expenses .................3,000

Decrease in accounts receivable ...............7,000

Payment of bonds payable in full at book value......... 97,000

Increase in accounts payable ..................5,000

Cash from disposal of old operational assets (sold at book value).... 12,000

Decrease in rent receivable ...................2,000

Statement of comprehensive income

Sales revenue ........................$ 400,000

Rent revenue ........................10,000

Cost of goods sold ......................(190,000)

Depreciation expense..................... (20,000)

Remaining expenses ......................(97,000)

Net earnings and comprehensive income .............$ 103,000

Required:

Prepare the SCF. Use the indirect method for operations. Separate disclosure of cash paid for interest and income tax and investment income is not required. Group all changes in non- cash working capital in operations as one amount. Assume a beginning cash balance of $62,000.