Textbook Problem

Statement of Cash Flows The following is a list of the items for Lombardo Company’s 2019 statement of cash flows:

1. a. depreciation expense, $4,200
2. b. proceeds from sale of land, $5,600
3. c. payment of dividends, $5,000
4. d. net income, $7,900
5. e. conversion of bonds to common stock, $7,000
6. f. increase in accounts payable, $3,100
7. g. proceeds from issuance of note, $6,200
8. h. gain on sale of land, $1,800
9. i. payment for purchase of building, $13,000
10. j. increase in accounts receivable, $2,700
11. k. ending cash balance, $13,900

Required:

Prepare the statement of cash flows.