Judge Company has begun a worksheet for preparing a statement of cash flows. The following additional information is provided:

1. Cash dividends of $10,000 were paid during the year.
2. Land which originally cost $60,000 was sold for $52,000.
3. Common stock was issued at par value for cash.
Instructions
Complete the worksheet for Judge Company.

JUDGE COMPANY Worksheet Statement of Cash Flows For the Year Ended December 31, 2013 Balance Reconciling Items Balance Balance Sheet Accounts 12/31/12 Debits Credits 12/31/13 Debits Cash 30,000 65,000 Accounts receivable 40,000 53,000 Inventory 90,000 110,000 -0- Land 60,000 Equipment 131,000 140,000 Total 351,000 368,000 Credits Accounts payable Bonds payable Accumulated depreciation- equipment 15,000 12,000 25,000 10,000 81,000 95,000 Common stock 170,000 180,000 Retained earnings 60,000 71,000 Total 351,000 368,000 Statement of Cash Flows Effects Operating activities Net income 21,000