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

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.

	December 31
	2013	2014
Cash	42,000	65,000
A/R (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
Accum Deprec	84,000	115,600
Accounts Payable	50,400	86,000
Notes Pay - Short Term	67,200	29,400
Notes Pay - Long Term	168,000	302,400
Common Stock	420,000	487,200
Retained Earnings	67,200	205,800
Total	856,800	1,226,400