The comparative balance sheet of Rowe Products Inc. for December 31 2013 and 2

The comparative balance sheet of Rowe Products Inc. for December 31 2013 and 2012 is as follows:

The income statement for the year ended December 31 2012 is as follows:

The following additional information was taken from the records:
a. Equipment and land were acquired for cash.
b. There were no disposals of equipment during the year.
c. The investments were sold for $211200 cash.
d. The common stock was issued for cash.
e. There was a $24000 debit to Retained Earnings for cash dividends declared.
Instructions
Prepare a statement of cash flows using the direct method of presenting cash flows from operatingactivities.