Financial statement data for Gibbons Electronics Companv for 2008 are as follows: Total current liabilities Bond payable Total liabilities Common shares Retained earnings \begin{tabular}{rr} \hline 180,000 & 140,000 \\ 490,000 & 575,000 \\ \hline 670,000 & 715,000 \\ \hline 365,000 & 285,000 \\ 430,000 & 440,000 \\ \hline 795,000 \\ \hline 1,465,000 \\ \hline \end{tabular} Additional information: 1. Old capital assets originally costing $120,000 were sold for $70,000. 2. New capital assets were purchased for cash during the year. 3. Some of the bonds were repaid during the year. 4. New shares were issued for cash during the year. 5. Dividends were declared and paid during the year. Required: Prepare a cash flow statement for Gibbons Electronic Compny for the year ended December 31,2008