Selected financial statement information and additional data for Johnson Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2014

			December 31
		2013			2014
Cash	$42,000			$65,000
Accounts receivable (net)	84,000			144,200
Inventory	168,000			206,600
Land	58,800			21,000
Equipment	504,000			789,600
TOTAL	$856,800			$1,226,400
Accumulated depreciation	$84,000			$115,600
Accounts payable	50,400			86,000
Notes payable - short-term	67,200			29,400
Notes payable - long-term	168,000			302,400
Common stock	420,000			487,200
Retained earnings	67,200			205,800
TOTAL	$856,800			$1,226,400

Additional data for 2014:

1. Net income was $220,200.

2. Depreciation was $31,600.

3. Land was sold at its original cost.

4. Dividends of $81,600 were paid.

5. Equipment was purchased for $84,000 cash.

6. A long-term note for $201,600 was used to pay for an equipment purchase.

7. Common stock was issued to pay a $67,200 long-term note payable.