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Lansbury Inc. had the statement of financial position shown below at December 31, 2014.

LANSBURY INC. Statement of Financial Position December 31, 2014
Investments	$ 32,000	Share capitalordinary	$100,000
Plant assets (net)	81,000	Retained earnings	23,200
Land	40,000	Long-term notes payable	41,000
Accounts receivable	21,200	Accounts payable	30,000
Cash	20,000		$194,200
	$194,200

During 2015, the following occurred.

1. Lansbury Inc. sold part of its investment portfolio for $15,000. This transaction resulted in a gain of $3,400 for the firm. The company classifies its investments as non-trading equity.

2. A tract of land was purchased for $18,000 cash.

3. Long-term notes payable in the amount of $16,000 were retired before maturity by paying $16,000 cash.

4. An additional $20,000 in ordinary shares were issued at par.

5. Dividends totalling $8,200 were declared and paid to shareholders.

6. Net income for 2015 was $32,000 after allowing for depreciation of $11,000.

7. Land was purchased through the issuance of $30,000 in bonds.

8. At December 31, 2015, Cash was $32,000, Accounts Receivable was $41,600, and Accounts Payable remained at $30,000.

Instruction: Prepare a statement of cash flows for 2015

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