Condensed comparative balance sheets of Connielo Company at December 31, Years 1 and 2, are as follows: Additional data for the current year are as follows: - Fully depreciated equipment costing $39,000 was scrapped, no salvage value, and equipment was purchased for $157,000. - Bonds payable for $100,000 were retired by payment at their face amount. - 5.000 shares of common stock were issued at $15 for cash. - Cash dividends declared and paid, $28,000. - All sales are on account. - Fully depreciated equipment costing $39,000 was 5 crapped, no salvage value, and equipment was purchased for $157,000. - Bonds payable for $100,000 were retired by payment at their face amount. - 5,000 shares of common stock were issued at $15 for cash. - Cash dividends declared and paid, $28,000. - All sales are on account. Prepare a statement of cash flows for the year ending December 31 , Year 2 , using the direct method of reporting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Cash flows from (used for) oberatina activities