The December 31, 2017, balance sheet and the 2018 statement of cash flows for Evergreen Corporation follow:

Evergreen Corporation
Balance Sheet
December 31, 2017
Assets:
Cash		$10,800
Accounts receivable (net)		82,100
Inventory		61,000
Prepaid expenses		2,500
Land		101,000
Machinery and equipment (net)		73,800
Total assets		$331,200
Liabilities:
Accounts payable		$40,700
Unearned revenue		8,500
Income taxes payable		7,000
Long-term debt		80,000
Total liabilities		136,200
Stockholders' equity:
Common stock, no par		42,000
Retained earnings		153,000
Total stockholders' equity		195,000
Total liabilities and stockholders' equity		$331,200

Evergreen Corporation
Statement of Cash Flows
Year Ended December 31, 2018
Cash flows from operating activities:
Net income		$13,500
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation	$13,300
Loss on sale of equipment	16,000
Gain on sale of land	(6,600)
Change in assets and liabilities:
Decrease in Accounts receivable	44,100
Increase in Inventory	(7,900)
Increase in Prepaid expenses	(1,300)
Increase in Accounts payable	(1,700)
Decrease in Taxes payable	(4,500)
Increase in Unearned revenue	18,500	69,900
Net cash provided by operating activities		$83,400

Cash flows from investing activities:
Purchase of equipment	(23,000)
Sale of equipment	3,000
Sale of land	85,400
Net cash provided by investing activities		65,400

Cash flows from financing activities:
Repayment of long-term debt	(12,000)
Issuance of common stock	37,700
Dividends paid (dividends declared, $12,000)	(11,000)
Net cash provided by financing activities		14,700

Increase (decrease) in cash		163,500
Cash balance, December 31, 2017		10,800
Cash balance, December 31, 2018		$174,300

1. Prepare a balance sheet for December 31, 2018