Addittonal intormation for Y ear 7 a Sold 200 shares of common stock for 550 per share in cash b. Sold $10,000 of bonds at 94 in cash c Declared and paid cash dividends throughout the year, d Paid off the Short Term Notes Payable c Sold equipment for $7,500 in cash. The equipment cost $11,000 and had a $6,000 book value f Amortized $400 of the discount on bonds payable Prepare the Year 7 statement of cash flows for Cinch Company using the MDIRECT method. Make reasonable assumptions about changes in the above balance sheet accounts which are not fully explained by the additional information in "a." through "f." above