Lander Inc. had the following balance sheet at December 31, 2014:LANDER, INC. Balance Sheet December 31, 2014Cash$45,300 Accounts payable$33,800Accounts receivable$18,900 Bonds payable$35,000Investments$25,000 Common stock$190,000Plant assets (net)$78,000 Retained earnings$18,400Land$110,000 Total Assets$277,200 Total Liabilities & Equity$277,200During 2015, the following events 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 totalling $5,000 were declared and paid to stockholders.Net income for 2015 was $29,000, including $7,000 in depreciation expense.Land was purchased through the issuance of $25,000 in additional bonds.At December 31, 2015, cash was $72,650, accounts receivable was $35,250, and accounts payable was $32,500.In an Excel spreadsheet:Prepare a statement of cash flows for the year 2015 for Lander.Prepare the balance sheet as it would appear as of December 31, 2015.Any written comments must be formatted according to APA REQUIREMENTS, ADD COMMENTS, AS NEEDED IN USING EXCEL ‘ADD COMMENT’ FUNCTION