Reference no: EM13866949
The following is a list of the items for the 2010 statement of cash flows of the Lombardo Company:
1. Depreciation expense, $4,200
2. Proceeds from sale of land, $5,600
3. Payment of dividends, $5,000
4. Net income, $7,900
5. Conversion of bonds to common stock, $7,000
6. Increase in accounts payable, $3,100
7. Proceeds from issuance of note, $6,200
8. Gain on sale of land, $1,800
9. Payment for purchase of building, $13,000
10. Increase in accounts receivable, $2,700
11. Ending cash balance, $13,900
Required: Prepare the statement of cash flows.