Artes de Mexico, Inc.'s, comparative balance sheet at September 30, 20X9 included the following balances:

Transaction data for the year ended September 30, 20X9:
a. Net income, $66,900
b. Depreciation expense on equipment, $8,500
c. Purchased long-term investments, $37,300
d. Sold land for $38,100, including $10,900 gain
e. Acquired equipment by issuing long-term note payable, $26,300
f. Paid long-term note payable, $24,700
g. Received cash of $51,900 for issuance of common stock
h. Paid cash dividends, $64,300
i. Acquired equipment by issuing short-term note payable, $22,000
Required
Prepare Artes de Mexico's statement of cash flows for the year ended September 30, 20X9, using the indirect method to report operating activities. Also prepare the accompanying schedule of noncash investing and financing activities. All current accounts except shortterm notes payable result from operating transactions.

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Artes de Mexico, Inc Balance Sheet September 30, 20X9 and 20X8 ncrease 20x8 (Decrease 21,700 $ 17,600 $4,100 4,800 51,100 13,800 37,300 20X9 Current assets: Cash Accounts receivable Inventories Prepaid expense 46,000 46,800 121,700 116,900 9,300 (800) 8,600 (700) Long-term investments.. Equipment, net Land 131,900 92,100 39,800 $428,100 $370,800 57,300 0 22,000 47,100 74,300 (27,200) Current liabilities: Notes payable, short-term.. Accounts payable.. $22,000 $ 88,100 98,100 (10,000) 17,900 29,100 (11,200) 400 1,600 113,900 62,000 51,900 2,600 $428,100 $370,800 $57,300 Salary payable 1,100 123,000 121,400 1,500 Long-term note payable... Common stock Retained earnings 61,700 59,100