i need help with the accounting question

16 Cash Flow Statements i Instant Brake Inc's comparative balance sheet information at December 31, 2023 and 2022, and its income statement for the year ended December 31,2023 , are as follows: During 2023, the following transactions occurred: 1. Purchased equipment for $20,200 cash. 2. Sold the investment on January 1, 2023, for $38.800. resulting in investment income of $16,520. 3. Sold equipment for $7,220 cash that had originally cost $36,720 and had $20,290 of accumulated depreciation. 4. Issued $34,000 of bonds payable at face value. Required: 1. How much cash was pald 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.) Cash flows from operating activities For Year Ended December 31, 2023 Adjustments to reconcile profit to net cash inflows from operating activities