Lanos Medical, Inc., ended 2009 with cash of $25,000. During 2010, Lanos earned net income of $95,000 and had adjustments to reconcile net income to net cash provided by operations totaling $20,000 (this is a negative amount).
Lanos paid $35,000 to purchase equipment during 2010. During 2010, the company paid dividends of $15,000.
Prepare Lanos statement of cash flows for the year ended December 31, 2010, complete with its proper heading.