Shown are comparative balance sheets and an income statement for the Roberts Company. Prepare a cash flow statement for the year ended December 31, 20X2.

^∗ Represents 10,000 shares outstanding on December 31, 20X2, and 5,000 shares on December 31, 20X1.

^†A $100,000 stock dividend was issued in 20X2.

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The Roberts Company Comparative Balance Sheets as of December 31 Cash Accounts Receivable Inventories Machinery and Equipment Bonds Payable, Discount Allowance for Uncollectibles Accumulated Depreciation Accounts Payable Bonds Payable Common Stock* Retained Earnings* 20X2 $150,000 197,000 50,000 75,000 5,250 $477,250 $ 2,000 10,000 53,000 100,000 150,000 162,250 $477,250 20X1 $125,000 160,000 85,000 50,000 5,500 $425,500 $ 1,000 7,000 70,000 100,000 50,000 197,500 $425,500