Question

Using the data for Gronk, Inc. provided below prepare a Statement of Cash Flows for fiscal...

Using the data for Gronk, Inc. provided below prepare a Statement of Cash Flows for fiscal year 2016 in proper format.

Gronk, Inc
List of Items for Statement of Cash Flows Statement
December 31, 2016
(thousands of dollars)
Cash and Cash Equivalents, January 1, 2016         66,200
Cash and Cash Equivalents, December 31, 2016                -  
increase in accrued expenses           2,300
decrease in prepaid expenses             960
increase in inventories         21,350
decrease in income taxes payable           3,500
increase in accounts payable           6,840
gain on sale of investment         11,000
increase in accounts receivable         20,000
gain on sale of land         20,500
dividend payments         33,000
depreciation expense         39,990
payments for purchase of investments         40,500
payments for purchase of equipment         56,200
payments for ppuchase of land         62,500
proceeds from sale of land         85,000
proceeds from the issuance of stock         81,000
proceeds from sale of investments       100,500
net income       120,000
payments made to retire bonds payable       150,000
proceeds from the issueance of a mortgage       175,000
payments for purchase of building       187,500

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