Exercise 5-16 (Part Level Submission) A comparative balance sheet for Shabbona Corporation is presented below.

December 31
Assets	2014	2013
Cash	$72,138	$22,000
Accounts receivable	84,351	69,213
Inventory	182,351	192,213
Land	73,351	113,213
Equipment	257,649	196,787
Accumulated Depreciation-Equipment	(71,351	)	(45,213	)
Total	$598,489		$548,213
Liabilities and Stockholders' Equity
Accounts payable	$36,351	$50,213
Bonds payable	150,000	200,000
Common stock ($1 par)	214,000	164,000
Retained earnings	198,138		134,000
Total	$598,489		$548,213

Additional information:

1.	Net income for 2014 was $129,702.
2.	Cash dividends of $65,564were declared and paid.
3.	Bonds payable amounting to $50,000were retired through issuance of common stock.

(a)

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Prepare a statement of cash flows for 2014 for Shabbona Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Shabbona Corporation Statement of Cash Flows For the Year Ended December 31, 2014

	$
Adjustments to reconcile net income to

	$

	$

Issued common stock to retire $of bonds outstanding

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