During Year $2,$ the company sold equipment for $$18,734$; it had originally cost $$28,200.$ Accumulated depreciation on this equipment

was $$10,066$ at the time of the sale. Also, the company purchased equipment for $$7,150$ cash.

The company sold land that had cost $$3,570.$ This land was sold for $$3,500,$ resulting in the recognition of a $$70$ loss. Also, common

stock was issued in exchange for title to land that was valued at $$13,200$ at the time of exchange.

Paid dividends of $$7,634.$

Required

Prepare a statement of cash flows using the indirect method.

Note: Amounts to be deducted and cash outflows should be indicated by a minus sign.