Use the information presented below to create a Statement of Cash Flows. Use correct format and headings in your statement.

a$.$ Net Income for the year was $$300,000$

b$.$ Dividends of $$80,000$ cash were declared and paid

c$.$ The only noncash expense was $$70,000$ of depreciation

d$.$ The company purchased plant assets for $$70,000$ cash

e$.$ Notes Payable of $$20,000$ were paid with cash

f$.$ There was a decrease in accounts receivable of $$5,000$

g$.$ There was an increase in merchandise inventory of $$2,000$

h$.$ There was a decrease in accounts payable of $$3,000$

i$.$ A building was purchased for $$200,000$ in exchange for common stock

j$.$ Cash Balance at the beginning of the year was $$450,000$