Additional Data 1. During Year 2, the company sold equipment for $18,132; it had originally cost $30,500. Accumulated depreciation on this equipment was $13,118 at the time of the sale. Also, the company purchased equipment for $6,680 cash. 2. The company sold land that had cost $3,340. This land was sold for $3,300, resulting in the recognition of a $40 loss. Also, common stock was issued in exchange for title to land that was valued at $12,800 at the time of exchange. 3. Paid dividends of $9,733. Required Prepare a statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Less: Increases in current assets and Decreases in current liabilities: Plus: Noncash charges $ 0 Cash flows from investing activities: 0 Cash flows from financing activities: 0 0 Ending cash balance $ 0 Schedule of nonrach investing and financing activities: Additional Data 1. During Year 2, the company sold equipment for $18,132; it had originally cost $30,500. Accumulated depreciation on this equipment was $13,118 at the time of the sale. Also, the company purchased equipment for $6,680 cash. 2. The company sold land that had cost $3,340. This land was sold for $3,300, resulting in the recognition of a $40 loss. Also, common stock was issued in exchange for title to land that was valued at $12,800 at the time of exchange. 3. Paid dividends of $9,733. Required Prepare a statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Less: Increases in current assets and Decreases in current liabilities: Plus: Noncash charges $ 0 Cash flows from investing activities: 0 Cash flows from financing activities: 0 0 Ending cash balance $ 0 Schedule of nonrach investing and financing activities