Lander Inc. had the following balance sheet

| September 29, 2018

Lander Inc. had the following balance sheet at December 31, 2008:LANDER, INC.Balance SheetDecember 31, 2008Cash$45,300Accounts payable$33,800Accounts receivable$18,900Bonds payable$35,000Investments$25,000Common stock$190,000Plant assets (net)$78,000Retained earnings$18,400Land$110,000Total Assets$277,200Total Liabilities & Equity$277,200During 2009 the following occurred.Lander liquidated its available-for-sale investment portfolio at a loss of $6,500.A tract of land was purchased for $31,000.An additional $20,000 in common stock was issued at par.Dividends totaling $5,000 were declared and paid to stockholders.Net income for 2009 was $29,000, including $7,000 in depreciation expense.Land was purchased through the issuance of $25,000 in additional bonds.At December 31, 009, Cash was $72,650, Accounts Receivable was $35,250, and Accounts Payable was $32,500.Prepare a statement of cash flows for the year 2009 for Lander.Prepare the balance sheet as it would appear at December 31, 2009.

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