Prepare a statement of cash flows

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Reference no: EM13838819

Lander Inc. had the following balance sheet at December 31, 2014:

LANDER, INC. Balance Sheet December 31, 2014
Cash	$45,300	Accounts payable	$33,800
Accounts receivable	$18,900	Bonds payable	$35,000
Investments	$25,000	Common stock	$190,000
Plant assets (net)	$78,000	Retained earnings	$18,400
Land	$110,000
Total Assets	$277,200	Total Liabilities & Equity	$277,200

During 2015, the following events occurred:

Lander liquidated its available-for-sale investment portfolio at a loss of $6,500.
A tract of land was purchased for $31,000.
An additional $20,000 in common stock was issued at par.
Dividends totalling $5,000 were declared and paid to stockholders.
Net income for 2015 was $29,000, including $7,000 in depreciation expense.
Land was purchased through the issuance of $25,000 in additional bonds.
At December 31, 2015, cash was $72,650, accounts receivable was $35,250, and accounts payable was $32,500.

In an Excel spreadsheet:

Prepare a statement of cash flows for the year 2015 for Lander.
Prepare the balance sheet as it would appear as of December 31, 2015.

Reference no: EM13838819

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