The following balance sheets and income statement were taken from the records of RosieLee Company:
Statement of Cash Flows, Worksheet Refer to the information for Rosie-Lee Company above. Additional transactions were as follows:
a. Sold equipment costing $21,600 with accumulated depreciation of $16,200 for $3,600.
b. Issued bonds for $90,000 on December 31.
c. Paid cash dividends of $36,000.
d. Retired a mortgage at a price of $108,000 on December 31.
Prepare a statement of cash flows using a worksheet similar to the one shown in Cornerstone 15-8 (p. 643).