.PROBLEM 24.4A prepare a statement of cash flowsThe comparative balance sheet f

.PROBLEM 24.4A prepare a statement of cash flowsThe comparative balance sheet for short company as of december 312010 and 2009 is shown below followed by the condensed incomestatements. other financial data for 2010 is also given.instructions:prepare a statement of cash flows for 2010. additional informationfor 2010 follows.a. acquired land at a cost of $60000; paid one-half of thepurchase price in cash and issued common stock for the balance.b. sold used equipment for $20000 in cash. the original cost was$40000; depreciation of $10000 had been taken. the remainingchange in the property plant and equipment account represents apurchase of equipment for cash. total depreciation expense for theyear was $9000.c. issued bonds payable at par value for cash.d. sold bond investments costing $20000 at no gain or loss duringthe year.e. paid $20000 cash dividends on the common stock.analyze: by what percentage did cash increase from january 1 todecember 31?