During 2023, the following transactions occurred: 1. Purchased equipment for $19,500 cash. 2. Sold the investment on January 1,2023 , for $31,800, resulting in investment income of $13,020. 3. Sold equipment for $6,870 cash that had originally cost $32,520 and had $20,220 of accumulated depreciation. 4. Issued $27,000 of bonds payable at face value. Required: 1. How much cash was paid in dividends? 2. Prepare a statement of cash flows for Instant Brake for the year ended December 31, 2023, using the indirect method. (List any deduction in cash and cash outflows as negative amounts.)