Concord Limited had the following financial statements: Additional information:

Equipment that cost $$6,400$ was sold for the carrying amount of $$3,000.$

Dividends declared and paid were $$8,000.$ Prepare the operating activities section of a statement of cash flows using the direct method. $($Show amounts that decrease cash flow

with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

Concord Limited

Partial Statement of Cash Flows