Lander Inc. had the following balance sheet at December 31, 2008:

Lander Inc. had the following balance sheet at December 31, 2008:

                    LANDER, INC.

                  Balance Sheet

                 December 31, 2008

Cash             $45,300                       Accounts payable          $33,800

Accounts receivable $18,900              Bonds payable              $35,000

Investments           $25,000                Common stock              $190,000

Plant assets (net)   $78,000                Retained earnings          $18,400

Land                  $110,000

Total Assets      $277,200               Total Liabilities & Equity    $277,200

During 2009 the following occurred.

1. Lander liquidated its available-for-sale investment portfolio at a loss of $6,500.

2. A tract of land was purchased for $31,000.

3. An additional $20,000 in common stock was issued at par.

4. Dividends totaling $5,000 were declared and paid to stockholders.

5. Net income for 2009 was $29,000, including $7,000 in depreciation expense.

6. Land was purchased through the issuance of $25,000 in additional bonds.

7. At December 31, 009, Cash was $72,650, Accounts Receivable was $35,250, and Accounts Payable was $32,500.

Required: 

a. Prepare a statement of cash flows for the year 2009 for Lander.

b. Prepare the balance sheet as it would appear at December 31, 2009.