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Prepare a Statement of Cash Flows: Selected financial statement information and additional data for XYZ Co. is presented below.

Prepare a Statement of Cash Flows:
Selected financial statement information and additional data for XYZ Co. is presented below.
December 31
2009 2010
Cash $42,000               $63,000
Accounts Receivable (net)                 84,000               151,200
Inventory                 168,000                 201,600
Land   58,800   21,000
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 2010:
1. Net income was $235,200.
2. Depreciation was $31,600.
3. Land was sold at its original cost.
4. Dividends of $96,600 were paid.
5. Equipment was purchased for $84,000 cash.
6. Long-term note was for $201,600 was used to pay for an equipment purchase.
7. Common stock was issued to pay a $67,200 long-term not payable.

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