Dana Corp Ltd (Dana) prepared the following Income Statement for the year ended 31 December 2020. i Other revenue included a gain on sale of equipment X which was sold for $3,900 on 31 December 2020. Equipment X was purchased on 1 April 2019 for $6,600 and depreciated on a straight-line basis over an estimated useful life of 3 years with zero residual value. Other selected financial statement items are as follows: The retained earnings balance as at 1 January 2020 was $73,500. During the year 2020 , Dana declared and paid dividends of $8,000. Required (i) Prepare Dana's Statement of Cash Flows (Operating Activities section only) for the year ended 31 December 2020 using the indirect method. (10 marks) (ii) Prepare the Retained Earnings account and explain how Dana was able to pay cash dividends when it reported a net loss of $12,600 during the year