Answer:
                             Tejera Company
                       Statement of Cash Flows
                            December 31, 2019
Cash flows from operating activities:
Net income                                                                $60,400
Adjustments to net income                                        $8,800
- Depreciation expense $20,500
- Patent amortization expense $1,200
- Increase in accounts receivables -$10,300
- Decrease in salaries payable -$2,600
Total cash flow from operating activities                 $69,200
Cash flow from investing activities:
Purchase of equipment                                            -$41,500
Purchase of land                                                       -$19,600
Total cash flow from investing activities                  -$61,100
Cash flow from financing activities:
Issuance of common stock                                      $32,000
Dividends paid                                                         -$21,000
Total cash flow from financing activities                  $11,000
Net increase in cash                                                    $19,100
Beginning cash balance 2019                                   $30,700 
Ending cash balance 2019                                        $49,800