Prepare a statement of cash flows for 2010. Additional information for 2010 follows.

Instructions:
a. Acquired land at a cost of $60,000; paid one half of the purchase price in cash and issued common stock for the balance.
b. Sold used equipment for $20,000 in cash. The original cost was $40,000; depreciation of $10,000 had been taken. The remaining change in the property, Plant, and Equipment account represents a purchase of equipment for cash. Total depreciation expense for the year was $9,000.
c. Issued bonds payable at par value for cash.
d. Sold bond investments costing $20,000 at no gain or loss during the year.
e. Paid $20,000 cash dividends on the common stock.

Short Company Comparative Balance Sheet December 31, 2010 and 2009 2010 2009 Assets 116,875 53,250 86,000 67,250 74,000 4,500 25,000 Cash Accounts Receivable (Net) Merchandise Inventory Prepaid Rent Land Property, Plant, and Equipment Less: Accumulated Depreciation-PPE Investment in TVA Bonds 189,000 219,000 (20,900) (21,900)| 50,000 471.100 Total Assets Liabilities and Stockholders' Equity Liabilities Accounts Payable Income Taxes Payable Bonds Payable 2010 2009 86,600| 9,500 100,000| Total Liabilities 196,100 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and stockholders' Equity 75,000 200,000 275,000 471,100