How can I make a statement of cash flows from the following information?
Net income was $10,000.
A loss of $22,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year.
A gain on the disposal of $15,000 was recorded when old building was sold for was sold for $40,000 cash. A new building was purchased for $510,000 and depreciation expense on buildings for the year was $45,000.
Equipment costing $73,000 was purchased while a loss of $16,000 was recorded on equipment that originally cost $45,000 and was sold for $22,000.
The company received $518,000 from new bank loans during the year.
Dividends were declared and paid during the year.
No common shares were issued during the year but some were bought back and retired at the amount they were originally issued at.
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