Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2012
December 31
2011 2012
Cash $42,000 $75,000
Accounts receivable (net) 84,000 144,200
Inventory 168,000 201,600
Land 58,800 16,000
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 2012:
1. Net income was $240,200.
2. Depreciation was $31,600.
3. Land was sold at its original cost.
4. Dividends of $101,600 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.