Chekov Corporation's balance sheet at the end of 2011 included the following items.

The following information is available for 2012.1. Net income was $55,000.2. Equipment (cost $20,000 and accumulated depreciation $8,000) was sold for $9,000.3. Depreciation expense was $4,000 on the building and $9,000 on equipment.4. Patent amortization was $2,500.5. Current assets other than cash increased by $25,000. Current liabilities increased by $13,000.6. An addition to the building was completed at a cost of $27,000.7. A long-term investment in stock was purchased for $16,000.8. Bonds payable of $50,000 were issued.9. Cash dividends of $25,000 were declared and paid.10. Treasury stock was purchased at a cost of $11,000.Instructions(Show only totals for current assets and current liabilities.)(a) Prepare a statement of cash flows for 2012.(b) Prepare a balance sheet at December 31,2012.

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$235,000 30,000 120,000 90,000 (30,000) (11,000) 40,000 Current llabilities Bonds payable Common stock Retained earnings $150,000 100,000 180,000 44.000 $474,000 Current assets Land Buildings Equipment Accum, depr.-buildings Accum. depr.-equipment Patents Total Total $474.000