Prepare a statement of cash flows

Question

Lander Inc. had the following balance sheet at December 31, 2008:

LANDER, INC. Balance Sheet December 31, 2008
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 2009 the following occurred.

1. Lander liquidated its available-for-sale investment portfolio at a loss of $6,500.
2. A tract of land was purchased for $31,000.
3. An additional $20,000 in common stock was issued at par.
4. Dividends totaling $5,000 were declared and paid to stockholders.
5. Net income for 2009 was $29,000, including $7,000 in depreciation expense.
6. Land was purchased through the issuance of $25,000 in additional bonds.
7. At December 31, 009, Cash was $72,650, Accounts Receivable was $35,250, and Accounts Payable was $32,500.
   1. Prepare a statement of cash flows for the year 2009 for Lander.
   2. Prepare the balance sheet as it would appear at December 31, 2009.