AERO INC.Balance SheetDecember 31 2009Cash $20000 Accounts payable $21200Account

AERO INC.Balance SheetDecember 31 2009Cash $20000 Accounts payable $21200Accounts receivable 21200 Bonds payable 41000Investments 32000 Common stock 100000Plant assets (net) 81000 Retained earnings 23200Land 40000$194200 $194200During 2010 the following occurred.Aero liquidated its available-for-sale investment portfolio at a loss of $5000.A tract of land was purchased for $38000.An additional $30000 in common stock was issued at par.Dividends totaling $10000 were declared and paid to stockholders.Net income for 2010 was $35000 including $12000 in depreciation expense.Land was purchased through the issuance of $30000in additional bonds.At December 31 2010 Cash was $70200 Accounts Receivable was $42000 and Accounts Payable was $40000.Prepare a statement of cash flows and a balance sheet for the year 2010 for Aero.