A comparative balance sheet for Concord Corporation is presented below:

CONCORD CORPORATION

Comparative Balance Sheet

Assets

$2020$

$2019$

Cash

$$37,200$ $$31,400$

Accounts receivable $($net$)$

$70,60060,400$

Prepaid insurance

$25,60017,400$

Land

$18,40041,800$

Equipment

$70,40060,400$

Accumulated depreciation

$(20,600)(13,400)$

Total assets

$$201,600$

$$198,000$

Liabilities and Stockholders' Equity

Accounts payable

$$11,600$ $$6,400$

Bonds payable

$27,40019,400$

Common stock

$141,200115,400$

Retained earnings

$21,40056,800$

Total liabilities and stockholders' equity

$$201,600$

$$198,000$

Additional information:

$1.$ Net loss for $2020$ is $$21,000.$

$2.$ Cash dividends of $$14,400$ were declared and paid in $2020.$

$3.$ Land was sold for cash at a loss of $$4,400.$ This was the only land transaction during the year.

$4.$ Equipment with a cost of $$15,800$ and accumulated depreciation of $$10,400$ was sold for $$5,400$ cash.

$5.$ $$22,400$ of bonds were retired during the year at carrying $($book$)$ value.

$6.$ Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $$25,800.$

Prepare a statement of cash flows for the year ended $2020,$ using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$